Aim-listed broker Numis was boasting of a "strong first half" this morning, in a trading update where it said revenue and profits would be "significantly ahead" of last year.
Numis, which is the most popular broker for the largest companies on London's junior market, did concede that the results would fall short of the record figures seen in the second half of last year.
But it said that transaction volumes were high across its capital markets and mergers and acquisitions (M&A) practices, and its corporate broking and advisory division delivered revenue "materially higher" as it scooped chunkier average deal fees.
Read more: Numis reigns victorious as it steals the crown of top City stockbroker from JP Morgan Cazenove
"On the back of new mandates, the outlook for the business remains positive with a strong near-term pipeline of transaction opportunities expected to support a robust start to the second half," the company said in a statement.
Equities also delivered a "strong performance" in line with the first half of last year, Numis said, "notwithstanding the introduction of Mifid II mid-way through the period".
The broker, whose shares rose 1.53 per cent in morning trading, is due to announce half-year results on 4 May.
Read more: Day of the Mifids: Controversial EU regulations for the asset management industry finally kick in
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