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Peel Hunt FY25 losses seen lower than previously expected
(Sharecast News) - Investment bank Peel Hunt announced on Tuesday that FY25 losses would come in lower than previously expected thanks to cost-cutting efforts made throughout H2. "During the year we took action to reduce costs, and we expect to deliver a smaller loss before tax than market expectations," it noted.
Peel Hunt said FY revenues were expected to be approximately £90.0m, up from £85.8m in the prior year, despite operating in what it called "a challenging second half".
Peel Hunt also said it made "good progress" in delivering on its strategic priorities in FY25 as it continued to attract "high-quality mid-cap and growth companies".
"Against a backdrop of continuing slow market conditions, we have an encouraging pipeline of investment banking transactions across both M&A and IPOs. A number of announced M&A transactions are expected to complete in the first quarter of our new financial year," added Peel Hunt, which will publish its preliminary results on 16 June.
As of 0940 BST, Peel Hunt shares were up 0.64% at 79.00p.
Reporting by Iain Gilbert at Sharecast.com
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