…By Henry George for TDPel Media.
The institution reported a loss of £1.5 million for the 12 months ending March 31, 2023, compared to a profit of over £41 million in the previous year.
However, there are some positive indications, primarily in the area of mergers and acquisitions (M&A), which show a potential improvement in market activity.
However, the company remains cautious about the uncertain macroeconomic landscape.
Following the announcement, Peel Hunt’s shares experienced a decline of 2%, falling from 101p to 99p.