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Small Cap movers: Focus on the positives helps City broker Numis Securities
A look back at some of the more interesting stories from London's junior market this last week
Company
Numis Corporation PLC
LON:NUM
Numis Corporation PLC is an independent investment banking and stock broking group. It offers a full range of research, execution, corporate broking and corporate finance services to the companies and integrated investment banking services, which encompasses research, institutional sales, market making, corporate broking, and corporate finance. Numis Corporation is traded in the ISDX Exchange HERE
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Numis profits plunge but wins clients and makes "encouraging start"
“It has without doubt been a challenging year for everyone in the industry and our results have inevitably been impacted by the persistent political uncertainty, macro-economic factors and subdued, yet volatile markets”
Political uncertainty rains over Numis’s parade
The broker has previously blamed Brexit for the unfavourable market conditions
Cenkos Securities tells us what we already guessed - life's tough for London's brokers
The company said it had also hit a snag reappointing its former boss
Numis blames Brexit uncertainty for plunge in profits
“Our first half performance has been impacted by a significant slowdown in UK deal activity and investors maintaining a cautious approach toward the UK market,” joint chief executives, Alex Ham and Ross Mitchinson said.
Investments and investor services
FTSE 100 closes higher after strong US jobs report boosts markets
Footsie closed up over 29 points on the day to close at 7,380, while the FTSE 250 added over 18 at 19,795
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HSBC to post weaker first quarter earnings as it tackles China slowdown
The day ahead includes first quarter earnings from HSBC and the all-important US non-farm payrolls report
Numis warns of big drop in first-half revenue as a result of a "challenging" first half market environment
In a trading update, the City stockbroker and corporate advisor said it is expected to deliver revenue approximately 26% lower than the first half of the prior year
Brexit uncertainty hitting deal flow warns broker Numis
Corporate transactions have dropped by 25% while trading book volumes are down by a similar amount
Numis Corp sees full-year profits fall, cautions over increasingly challenging markets ahead
The AIM-listed firm saw its pre-tax profit fall by 17% to £31.6mln, down from £38.3mln a year earlier, although revenue rose by 4.5% to £136.0mln, up from £130.1mln
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FTSE 100 closes lower as traders stay wary; Ashtead Group biggest faller
FTSE 250 was also down - closing around 58 points lower at 18,271
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Eyes firmly on the UK on Wednesday as US markets shutter for funeral of George HW Bush
Attention will be on the UK on Wednesday as the funeral of the former president puts a stop to Wall Street trading
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Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
Funding Circle confirms plans for London listing in October
Funding Circle said Anders Holch Povlsen had agreed to buy 10% of the share capital through his investment vehicle Heartland A/S
Numis Corporation profits climb but no dividend increase
The IPO pipeline is strong but is dependent on stock market conditions
Investments and investor services
FTSE 100 strengthens following wishy-washy US jobs data
It's the first Friday of the month, so naturally much of the attention was on the US non-farm payroll report.
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HSBC to wrap up a busy two weeks of first quarter results from the major UK banks
Day-ahead includes first quarter updates from global lender HSBC PLC and British Airways-owner International Airlines Group PLC, plus the April US payrolls report
FTSE 100 closes in positive territory, bolstered by weak pound
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
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Stagecoach interims on track for Wednesday, plus latest update from luxury firm Mulberry
Day Ahead includes first half results from transport operator Stagecoach Group PLC and full year numbers from luxury handbags firm Mulberry PLC