Numis working hard to diversify in volatile markets

After a strong finish to 2015, the IPO market paused for breath in the volatile markets of early 2016. Given that, progress at Numis (NUM) is impressive. Revenue from corporate finance and capital raisings reached a record £34.4m during the six months to March - an increase of a third on the previous comparable period. The group is taking on more corporate broking and advisory work, adding 11 clients and bringing the number of companies for which it acts to 185, from 183 in September 2015.

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