First Equity sets sights on Northwest expansion Investing Historic London-based stockbroker First Equity is set to expand into the Northwest of the UK with a fresh presence in Liverpool. The firm, an independent broking boutique dating back to the 1980s, offers investment services to companies listed on the London Stock Exchange, AIM, Aquis Exchange, and JP Jenkins Private Markets. Senior Investment Manager Neil Blankstone, [...]
Exclusive: Panmure Liberum to ‘reinvigorate’ City market with banking tie-up Banking Investment bank Panmure Liberum has joined forces with Nedbank in a push to expand their reach across equity capital markets and drive dual-listings across the UK and South Africa. London-headquartered Panmure will collaborate with Nedbank’s corporate and investment banking division to produce equity research across UK and South African markets. The deal aims to provide [...]
Peel Hunt: City broker makes a loss amid economic headwinds Markets Investment bank Peel Hunt faced the pinch of economic and market struggles in its latest financial year as cost-cutting measures took a chunk out of the firm’s bottom line. The City broker made a loss before tax of £3.5m, which the firm said was due to restructuring costs. But the company recorded a profit of [...]
Close Brothers shares fluctuate as motor finance hearing kicks off April 1, 2025 Shares in FTSE 250 lender Close Brothers were volatile during early trading on Tuesday as the first day of the motor finance hearing kicked off. The bank was one of the FTSE’s top fallers as markets opened after it suffered a downgrade from City broker Peel Hunt. The broker said the “extent” of guidance downgrades [...]
Peel Hunt shares edge up as City broker cuts costs to reduce losses April 1, 2025 Shares in City broker Peel Hunt edged higher in early trades this morning after the company issued a positive trading update. The company said it anticipated revenue of £90m for the year ending 31 March 2025, an increase of five per cent from the previous year. The investment bank reported revenue of £85.5m in fiscal [...]
JD Sports: Nike woes could spell trouble for retailer says broker March 24, 2025 London broker Peel Hunt has downgraded its forecast for JD Sports ahead of the company’s full-year results next month due to short-term industry issues. Peel Hunt cut its projected profit before tax and earnings per share for JD Sports by three per cent for the financial year 2026. The broker attributed the downgrade to an [...]
Deliveroo ‘underappreciated’ after Hong Kong exit March 10, 2025 London broker Panmure Liberum has described takeaway giant Deliveroo as “underappreciated” after its Hong Kong exit. It added that concerns the company could be pushed out of other international markets by better-funded competitors were “noise”. Deliveroo announced its exit from the Hong Kong market this morning, selling some assets to Foodpanda and closing other assets. [...]
TP ICAP: Revenue jumps to record November 5, 2024 Inter-dealer broker TP ICAP has reported a ten per cent bump in revenue for the three months ended 30 September 2024. Overall group revenue for the period was £557m. Rates, its largest and most profitable trading division, reported a 14 per cent jump in reported currency terms. Liquidnet, the firm’s institutional investment network, reported a [...]
Stamp duty: TSB and Shawbrook join mortgage lender call for reform before Budget October 15, 2024 A group of mortgage lenders and brokers have called on the government to refund stamp duty for homeowners in a bid to accelerate energy efficiency improvements in UK housing and reduce national emissions. TSB, along with Shawbrook, the Mortgage Advice Bureau (MAB) and Leeds Building Society, have called on the government to provide more support [...]
