Clarkson expects full year results in line with expectations

Shipping broker Clarkson said it expected full year results for 2017 to be in line with current expectations.

In a brutally short statement, the FTSE 250 group confirmed results for the calendar year will be released on 12 March 2018.

Clarkson last updated the market in November with the revelation that its computer systems had been accessed in a cyber security incident.

Before that it was August's interim results, where underlying profits before tax climbed 12% to £24.5m amid top-line growth that rose just over £9m to £156.8m. Earnings per share grew 22% to 50.8p.

The company said it was seeing signs of rebalancing in its markets but low newbuilding activity meant activity was continuing to be dominated by spot business, limiting its forward visibility on revenues. Neither did management expect a "major upturn" across the sector in the near-term.