Peel Hunt revenues dip

Peel Hunt has posted a dip in revenues and profits in the six months to 28 September.

The group’s revenues were down 23.4% from £93.2m to £71.4m, whilst pre-tax profits fell from £56.6m to £29.5m.

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The broker said that results were in line with expectations after the “exceptional trading and heightened market activity” during the height of the pandemic.

Steven Fine, the chief executive, said: “We continue to grow our number of retained Investment Banking clients and have a healthy deal pipeline with  a strong balance of transactions.”

“We’re well-positioned to execute our growth plans, which include opening a  European office to support our growing distribution franchise across the continent. We remain on track to deliver on our budget for the year.”

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