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Numis enjoys London market resurgence

Numis enjoys London market resurgence

Given that the fortunes of Numis Corporation (NUM) are inextricably linked to investor and corporate confidence in the London equity market, it is fair to say that both sets of clients ended the year with a more positive outlook. While an uncertain political environment weighed on IPO activity during the first half, the latter six months of the year more than made up for it. The broker completed seven IPOs for companies including Luceco (LUCE) and Premier Asset Management (PAM), five of which were executed in the second half. What’s more, management says its 2018 financial year has got off to a good start, with revenue for its equities business ahead of the same time the previous year.

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