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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 £40.5 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.
Peel Hunt will announce its half-year results on December 1.
Current stock price: 84.45 pence
12-month change: down 63%
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