Numis share price jumps after broker posts five per cent increase in revenues

 
Madeline Ratcliffe
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Numerous deals among the City broker's clients pushed advisory fees up (Source: Getty)

Numis reported revenues were up five per cent in a trading update today, boosted by a stronger performance in the six months to the end of September.

The broker and investment bank said it had completed 38 equity deals, including 11 IPOs, over the financial year, meaning for the third successive year it had raised more than £2bn.

The company added that there had been increased M&A levels amongst its clients, resulting in a “significant increase” in advisory fees, and record combined revenues for the equity issuance and advisory operations.

Numis shares were trading up 6.17 per cent during the session.