Peel Hunt Share News (PEEL)

Peel Hunt notes "gradual improvement" since swing to annual loss

(Alliance News) - Peel Hunt Ltd on Friday said "unusually low" market activity caused its revenue to fall and its swing to a loss in financial 2023, but that its pipeline had slowly begun to improve since the start of the current year.

Peel Hunt swings to loss as revenue slides

(Sharecast News) - Peel Hunt reported a decline in revenue and profitability in its final results on Friday, due to unusually low capital markets activity throughout the 2023 financial year.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: IQE shares fall as raises GBP30 million in placing

IQE PLC - Wales-based compound semiconductor wafer product supplier - Raises GBP30 million in share placing. Peel Hunt LLP and Numis Securities Ltd placed 150.0 million shares in IQE at 20 pence per share. Chief Executive Officer Americo Lemos, Chair Phil Smith and directors Andrew Nelson, Carol Chesney and Victoria Hull have subscribed for total of 12.7 million shares at issue price. IQE notes that the placing price represents a discount of just under 15% to Wednesday's closing price of 23.5p per share. The company has applied to the London Stock Exchange for the shares to be admitted to trading on AIM. Admission is expected to take effect on or around Monday morning. IQE's issued share capital now consists of 955.5 million shares.

TRADING UPDATES: Goldplat nine-month operating profit falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Peel Hunt to report small annual loss as revenue down 40%

Peel Hunt Ltd - London-based stock broker and investment bank - Revenue in the financial year that ended on Friday will be in line with market expectations at about GBP82 million, down 39% from GBP131.0 million in financial 2022. Peel Hunt expects to be "marginally loss making" in financial 2023, compared to market expectations of broadly break even. The revenue decline is due to an "uncertain global economic environment" hurting Investment Banking revenue, it says, while capital markets activity was at "historic lows" throughout the recent financial year. Peel Hunt says costs increased as expected following its initial public offering, and it faces inflationary cost pressures.

Peel Hunt relaunches REX platform, enters agreements with investors

(Alliance News) - Peel Hunt Ltd on Thursday said it would be relaunching its retail access technology platform, REX, in order to establish it as a standalone business independent of the firm.

Telecom Plus chair and family sell GBP84 million stake in company

(Alliance News) - The chair of Telecom Plus PLC and various family interests sold 3.5 million shares, or a GBP84 million stake, in the company on Tuesday, according to Peel Hunt Ltd.

Peel Hunt profit slumps as suffers from challenging market conditions

(Alliance News) - Peel Hunt Ltd on Thursday reported that its profit slumped in the first six months of its financial year as its investment banking division took a big hit due to low volumes in equity markets.

Volatile markets see profits plunge at Peel Hunt

(Sharecast News) - Interim profits were wiped out at Peel Hunt, the broker said on Thursday, after volatile markets and the weakened economic climate curbed City deals.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Peel Hunt making progress despite low level market activity

Peel Hunt Ltd - London-based investment bank - Says it is making "significant progress" against its strategic priorities despite "historically low levels of capital markets activity". Expects revenue for the six months ended September 30 at around GBP40.5 million. Says investment in proprietary technology remains a "key strategic focus and differentiator" for the firm. Adds it remains on track to launch Peel Hunt Europe by the end of its financial year. Looking to the second half, says the outlook for capital markets remains "uncertain". Nonetheless, enters the half with a "robust" balance sheet and a "strong" regulatory capital position.

Coats Group raises GBP92 million to help fund Rhenoflex acquisition

(Alliance News) - Coats Group PLC on Thursday said it has raised GBP92 million via a placing and retail offer of 145.2 million shares.

TRADING UPDATES: Michelmersh Brick, Mattioli Woods on-track for growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days