Peel Hunt Reports Profit Amid Investor Uncertainty Post-Budget

The UK investment bank sees revenue growth but warns of delayed deals due to weakened investor sentiment following recent tax reforms.

Peel Hunt returned to profitability with a pre-tax profit of £1.2 million for the six months ending September, compared to an £800,000 loss the previous year.
Revenues increased by 26% to £53.8 million, driven by IPOs such as Raspberry Pi and advisory fees from mergers and acquisitions.
Investor confidence has declined since the UK Budget, particularly due to changes in inheritance tax relief for Aim-listed shares.
The firm anticipates delays in executing some transactions, pushing certain deals into the next financial year starting April 2025.
Peel Hunt supports government initiatives like pension reforms aimed at boosting investment in UK assets but highlights ongoing challenges in retaining investor funds domestically.