Peel Hunt Ltd (AIM:PEEL) said trading had improved in the past three months with “tentative” signs of a pick-up in equity and capital markets.
Ahead of its AGM, the broker added revenues for the first quarter of its 2025 calendar year are ahead of the equivalent prior year period and in line with market expectations.
“During the period, we have advised clients in relation to a number of ECM [equity capital market] transactions, including acting as global co-ordinator on two IPOs executed on the London market, and we are encouraged by an increase in activity in both our Execution Services and institutional trading businesses,” said the statement.
The shares rose 1.5% to 131p.