3rd Apr 2023 12:51
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
