LONDON, Dec 1 (Reuters) - British broker Peel Hunt
on Wednesday posted half-year pretax profit of 29.5 million
pounds ($39.29 million), boosted by a record performance in its
investment bank, and was on course to meet full-year
expectations.
Revenue in the bank rose 43% over the six months to
end-September to 32.7 million pounds, buoyed by new client wins
and a 15% increase in their average market capitalisation.
The results were the company's first since listing in
September, and were also boosted by a strong performance in its
research and distribution business, despite the broader market
softening, it said in a statement.
Performance in its trading unit weakened slightly, in line
with expectations, although it said trading volumes, market
share and revenue remaining higher than before pandemic.
($1 = 0.7509 pounds)
(Reporting by Simon Jessop, Editing by Louise Heavens)