(Alliance News) - Peel Hunt Ltd warned on cost pressures in its interim period, but expected revenue growth from the prior year, despite the downturn in financial markets. Read More
(Alliance News) - London's FTSE 100 is called lower on Monday, with market sentiment still ropey at the start of the fourth-quarter, despite a deal being struck for the US to avoid a government shutdown. Read More
(Alliance News) - Peel Hunt Ltd on Thursday said it expects its first quarter to be in line with expectations, despite a challenging macro-economic backdrop. Read More
(Alliance News) - Peel Hunt Ltd on Friday said "unusually low" market activity caused its revenue to fall and its swing to a loss in financial 2023, but that its pipeline had slowly begun to improve since the start of the current year. Read More
IQE PLC - Wales-based compound semiconductor wafer product supplier - Raises GBP30 million in share placing. Peel Hunt LLP and Numis Securities Ltd placed 150.0 million shares in IQE at 20 pence per share. Chief Executive Officer Americo Lemos, Chair Phil Smith and directors Andrew Nelson, Carol Chesney and Victoria Hull have subscribed for total of 12.7 million shares at issue price. IQE notes that the placing price represents a discount of just under 15% to Wednesday's closing price of 23.5p per share. The company has applied to the London Stock Exchange for the shares to be admitted to trading on AIM. Admission is expected to take effect on or around Monday morning. IQE's issued share capital now consists of 955.5 million shares. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Peel Hunt Ltd - London-based stock broker and investment bank - Revenue in the financial year that ended on Friday will be in line with market expectations at about GBP82 million, down 39% from GBP131.0 million in financial 2022. Peel Hunt expects to be "marginally loss making" in financial 2023, compared to market expectations of broadly break even. The revenue decline is due to an "uncertain global economic environment" hurting Investment Banking revenue, it says, while capital markets activity was at "historic lows" throughout the recent financial year. Peel Hunt says costs increased as expected following its initial public offering, and it faces inflationary cost pressures. Read More
(Alliance News) - Peel Hunt Ltd on Thursday said it would be relaunching its retail access technology platform, REX, in order to establish it as a standalone business independent of the firm. Read More
(Alliance News) - The chair of Telecom Plus PLC and various family interests sold 3.5 million shares, or a GBP84 million stake, in the company on Tuesday, according to Peel Hunt Ltd. Read More
(Alliance News) - Peel Hunt Ltd on Thursday reported that its profit slumped in the first six months of its financial year as its investment banking division took a big hit due to low volumes in equity markets. Read More
Peel Hunt Ltd - London-based investment bank - Says it is making "significant progress" against its strategic priorities despite "historically low levels of capital markets activity". Expects revenue for the six months ended September 30 at around GBP40.5 million. Says investment in proprietary technology remains a "key strategic focus and differentiator" for the firm. Adds it remains on track to launch Peel Hunt Europe by the end of its financial year. Looking to the second half, says the outlook for capital markets remains "uncertain". Nonetheless, enters the half with a "robust" balance sheet and a "strong" regulatory capital position. Read More
(Alliance News) - Coats Group PLC on Thursday said it has raised GBP92 million via a placing and retail offer of 145.2 million shares. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Peel Hunt Ltd - London-based investment bank - Chief Executive Steven Fine and Chief Financial & Operating Officer Sunil Dhall buy 100,000 shares each at GBP1.12 per share, worth GBP112,000, in London on Friday. Read More
Peel Hunt Ltd - London-based investment bank and broker - Rival retail investment platforms AJ Bell PLC and Hargreaves Lansdown PLC select Peel Hunt's REX technology for their new retail share offer service. The new service allows retail investors in the UK to participate in initial public offerings and in company fundraising conducted as accelerated book builds. AJ Bell and Hargreaves, in a joint announcement on Wednesday, say the launch of the service opens up wider participation in IPOs and secondary fundraises by retail investors. They note that retail investors previously were left out of most IPOs, having access to just 21 of the 182 IPOs in the UK since October 2020. Peel Hunt says the new service supports the "democratisation of capital markets". Read More
(Alliance News) - Peel Hunt Ltd on Thursday said that revenue has dropped following "exceptionally low levels of capital markets activity", but it remains positive for the second half of financial 2023. Read More