Clarksons shares retreated this afternoon after the shipbroker said its full year results would come in below City forecasts.

London-listed Clarksons saw more than tenth lost from its stock price after it guided for a pre-tax profit of £50m ($76.96m) for the financial year.

While the figure marks a rise from the £33.8m recorded last year analysts had a higher figure penciled in this time around following its merger with RS Platou.

Clarksons