Dec 4 (Reuters) - Stockbroker and corporate adviser Numis
Corporation said on Wednesday that tough market
conditions in the UK and the upcoming general election would
potentially hit deal-making in the short term while posting an
18% drop in annual revenue.
Revenue fell to 111.6 million pounds ($143.18 million) for
the 12 months ended Sept. 30, compared to 136 million pounds a
year ago, as Numis' investment banking unit suffered from lower
deal volumes and its equities division was hit by volatility.
"Market conditions and the upcoming general election will
likely impact the pipeline of deals in the short-term but we
remain well positioned to progress our strategy," the company
said.
($1 = 0.7794 pounds)
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard
Orr)