Better second half boosts Numis' core revenues

In a trading update, the AIM-listed company said client activity was strong in the second half of the year, enabling it to complete a further 15 equity raises, including five IPOs.

It also collected more advisory fees due to corporate activity within its client base, and revenues from equity issuance and advisory activities are at the highest level in the firm's history.

Numis chief executive Oliver Hemsley said the current deal pipeline is encouraging.

“Our corporate business continues to strengthen with additions to our client base and hires into our corporate broking and advisory team," he said.

“We will continue to support UK companies seeking capital to grow, whilst simultaneously building long-term relationships with companies and investors."