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4w ago

Peel Hunt Lifts Outlook After Strong First-Half Trading

The broker points to stronger execution revenue following recent equity raises, block trades, major M&A mandates.

Peel Hunt has 58 corporate clients in the FTSE 350, including five in the FTSE 100
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Overview

  • Peel Hunt said it now expects full-year results to come in ahead of market expectations after a better-than-anticipated start to the year.
  • The firm reported execution services revenues running materially ahead of the prior year.
  • Shares rose about 6%–7% to roughly 108p on Friday following the trading update.
  • Recent deal flow included equity raises, block trades and large transactions such as TI Fluid Systems’ recommended sale to Apollo, Warehouse REIT’s proposed sale to Blackstone, Primary Health Properties’ combination with Assura, Empiric Student Property’s takeover by Unite Group, plus a £138 million Hammerson capital raise.
  • Its corporate roster stands at 58 FTSE 350 clients including five in the FTSE 100, with new mandates from Domino’s Pizza and Mercantile Investment Trust.