Cazenove
continues its long reign at the top of our two 'size'
tables this quarter. In the first table, placing brokers
according to the numbers of their stock market clients,
its total has fallen again, from 206.5 last time to 203
this quarter. It is still comfortably ahead of nearest
rival UBS, whose clients numbers also show a dip, from
131 to 126. Brewin Dolphin Securities, holding on to its
third place, has managed to buck the trend and can claim
client numbers up from 108.5 to 112. The renamed Old Mutual
Securities, now listed as Arbuthnot, remains at eleventh
place with 67 clients.
Stockbrokers
with clients making the most profit compose the second
'size' table. Cazenove, as mentioned above, appears immovable
in the top slot, although this time the figure is down
to £6,485.8m from £7,265.6m in February. Hoare
Govett Ltd has climbed into second place from fourth last
time, again with a reduced figure of £3,406.6m (previously
£3,975.1m), displacing UBS Ltd which has fallen from
number two to number four. Arbuthnot gains ground this
quarter, jumping three places to eighth, but otherwise
there is little change in the placings.
The
third table is the first of the two 'growth' tables and
shows fastest growing clients based on average increase
in pre-tax profits. Here we have a change at the head
of the list, where KBC Peel Hunt has continued its climb
and reached the top with a figure of 4%, well up on the
2.1% achieved by last quarter's number one Brewin Dolphin
Securities, which is now in second place with -0.1%. All
firms except KBC Peel Hunt have clients with negative
growth, ranging down to Collins Stewart with a figure
of -15.1%. Cazenove has climbed from seventh position
last quarter to fourth this time; Dresdner Kleinwort Wasserstein
has made even more of a jump, from tenth place to fifth.
The
final table, the second in the 'growth' category, is concerned
with firms whose clients can post the fastest-growing
earnings based on average increase in earnings
per share. Here there has been rather more movement in
the rankings than in the other three tables. The first
four places have all changed around KBC Peel Hunt
is now in the lead with 3.0%, up from fourth and ahead
of Seymour Brewin Dolphin which has dropped back from
first to second place. Dresdner Kleinwort Wasserstein
has moved up smartly, from number ten and -9.6% in February
to third place with 1.3% this time. A sad rash of minus
signs disfigures the table from UBS in fifth place with
-4.1% down to HSBC with -14.7%.