No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Investment bank Peel Hunt announced on Tuesday that FY25 losses would come in lower than previously expected thanks to cost-cutting efforts made throughout H2.
"During the year we took action to reduce costs, and we expect to deliver a smaller loss before tax than market expectations," it noted.
Peel Hunt said FY revenues were expected to be approximately 90.0m, up from 85.8m in the prior year, despite operating in what it called "a challenging second half".
Peel Hunt also said it made "good progress" in delivering on its strategic priorities in FY25 as it continued to attract "high-quality mid-cap and growth companies".
"Against a backdrop of continuing slow market conditions, we have an encouraging pipeline of investment banking transactions across both M&A and IPOs. A number of announced M&A transactions are expected to complete in the first quarter of our new financial year," added Peel Hunt, which will publish its preliminary results on 16 June.
As of 0940 BST, Peel Hunt shares were up 0.64% at 79.00p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.