Numis says business has been hit by inflation and Ukraine

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City broker Numis says its business has been hit by investor fears over inflation and Russia’s invasion of Ukraine

City broker Numis said that its business has been hit by investor fears over inflation and Russia’s invasion of Ukraine. 

The firm said companies which are seeking to raise money through a listing in London have put their plans on hold while deal making has also suffered. 

Noting a ‘deterioration in market conditions’, it said concerns about inflation and war ‘have suppressed UK equity capital markets to activity levels approaching a 10-year low’. 

Concern: Numis said companies which are seeking to raise money through a listing in London have put their plans on hold while deal making has also suffered

Concern: Numis said companies which are seeking to raise money through a listing in London have put their plans on hold while deal making has also suffered

It also said trading profits have been marred by ‘extreme market volatility’. 

The comments came as Numis reported a 36 per cent slump in revenues to £74m for the six months to the end of March.

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