Peel Hunt Ltd (AIM:PEEL) has said it expects full-year revenue and profits to come in ahead of expectations, after a strong finish to its financial year.
The mid-tier investment bank and broker credited solid performance across both its investment banking and execution services arms, with continued activity in mergers and acquisitions and capital markets deals.
It said it had “continued to trade well” during the second half of its financial year, and had supported clients on a “range of M&A and equity capital markets transactions”.
The group, which reports full-year results on 1 April, did not give specific figures but said it now expects both revenue and profit to exceed current forecasts.
This followed a performance in the first half that had beaten expectations last month, with pre-tax profits jumping to £11.5 million for the six months to September, up from £1.2 million a year earlier, on the back of a 38% rise in revenue to £74 million and ongoing cost reductions that have trimmed the workforce by nearly a tenth.
Adjusted pre-tax profit of £14 million in the half, were ahead of some analysts's estimates for the full year.
At the time of its interims, Peel Hunt backed reforms aimed at encouraging more investment in UK-listed companies announced in the Budget. The firm welcomed a planned stamp duty holiday on IPOs and changes to ISAs to boost equity exposure.
Despite this, no new listings have yet materialised in 2026.