Braemar shares fall as shipping broker reports drop in profits

Braemar PLC (LSE:BMS, OTC:BSEAF) shares fell 5.3% to 212p after the shipping and energy broker reported a drop in revenue and profits for the year to February 2026, despite finishing the year in line with expectations. The Middle East conflict is creating a mixed picture for shipping, with higher freight rates but lower volumes in certain markets, the company said.