Peel Hunt Ltd on Tuesday said it anticipates an improved performance amid a boost from investment banking in its core equity capital markets business.

The London-based firm which provides investment banking, advisory and capital markets services, as well as research & distribution and a trading platform said it expects revenue to have jumped 25% to £53.3 million in the six months to September, from £42.7 million a year ago.

Peel Hunt noted a better macroeconomic backdrop and success in completing merger & acquisition financial advisory mandates for clients.

‘In investment banking, we saw improved performance in our core equity capital markets business, particularly in the first quarter of FY25, where we acted as joint global coordinator on a Main Market initial public offering and nominated adviser and sole bookrunner on an AIM IPO,’ Peel Hunt said.

The firm will release its half-year results on November 29.

Looking ahead, the company said: ‘Market activity has slowed again in recent weeks ahead of the upcoming [UK] Budget and US election. Consequently, despite better first half revenues, we expect full year performance to be in line with market expectations and we remain well positioned across all parts of our business to take advantage of increased activity when market confidence returns.’

Peel Hunt shares fell 1.5% to 126.60 pence each on late Tuesday morning in London.

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