Peel Hunt swings back to profit despite Budget hit to dealmaking November 29, 2024 City broking group Peel Hunt said it swung back into profit in the first six months of its financial year today despite the Budget weighing on dealmaking in the City. In its half year results, the London listed investment bank posted a pre-tax profit of £1.2m, a 250 per cent rise on the £800,000 loss [...]
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
Barclays shares hit nine-year high as investment bank helps profit beat forecasts October 24, 2024 Barclays' shares have hit their highest level in nine years after a rebound in investment banking helped its profit beat expectations for the third quarter.
Goldman-backed Petershill announces bumper dividend after pick-up in dealmaking September 17, 2024 Petershill Partners has announced a special dividend of 9 cents (7p) per share after a flurry of deals and a successful asset raising round helped the private equity firm return to growth. The Goldman Sachs-backed firm, which floated on the London Stock Exchange three years ago, generated a total income of $146m (£111m) in the [...]
The secret language of City dealmaking September 9, 2024 Dealmaking on the public markets can be a dense and confusing world. Firms court each other in the public domain; cryptic, flirtatious barbs are fired across the market, and bosses on either side try to size each other up. But what do their messages really mean? What is the hidden meaning behind the jargon? From Pac-Man [...]
City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]