March 29, 2019 / 7:27 AM / a month ago

Stockbroker Numis sees lower first-half revenue

March 29 (Reuters) - Numis Corporation Plc said on Friday challenging market environment and lower UK equity capital market volumes would hurt its first-half revenue, which would be about 26 percent lower compared with the same period a year earlier.

However, the UK-based institutional stockbroker said it had benefitted from several investment banking deals in recent weeks, including capital markets transactions for Just Group and Randall & Quilter, and the merger of Primary Health Properties and MedicX. (Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur)

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