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Peel Hunt Reports £3.5m Loss, Presses for London Market Reforms

Targeted reforms to capital markets, including pension scheme changes, are crucial to reversing the exodus of London listings caused by low domestic confidence

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Steven Fine said Britain was suffering from low self-esteem

Overview

  • The broker posted a pre-tax loss of £3.5m in the year to March, attributing declines to £2m in restructuring costs despite a 6% revenue rise to £91.3m.
  • CEO Steven Fine warned that geopolitical uncertainty, stagflation fears and US tariffs weighed heavily on equity capital markets.
  • Peel Hunt maintained a stable 147 corporate clients but sounded the alarm on the accelerating rate of firms abandoning London listings.
  • The firm noted early signs of investor rotation from US assets into Europe, driving renewed institutional interest in UK equities.
  • Fine urged urgent reforms in capital markets and pension schemes to stem the exodus of listed firms and revive London flotations.