Numis takes revenue hit, but sees improvement on the horizon

By
0 mins. to read
Numis takes revenue hit, but sees improvement on the horizon
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed financial services provider Numis (LON:NUM) announced that it has been trading well in recent weeks, despite facing an unstable political climate during the six months ended 31st March. Despite this, revenues for the half year are expected to be roughly 26% below those during the same period of the prior year.

While activity levels on the UK markets have been low, the company has made market share gains and average fees having risen. Management also said that the company’s pipeline has been strengthening with a notable increase in M&A opportunities in recent weeks.

Numis shares dropped by 1.96% to 250p (as of 15:20 GMT).

Take part in our poll

Which investment platforms do you use?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.