Peel Hunt FY profit and revenue to beat market expectations, shares spark

(Sharecast News) - Peel Hunt shares shot higher on Friday after the investment bank said full-year revenues and profits were set to be ahead of market expectations. In a very brief statement, the company said it has continued to trade well in the second half of the year, reflecting the strength of its corporate client base and both its investment banking and execution services franchises.

Peel Hunt also said it had supported clients on a range of M&A and equity capital markets transactions.

At 0835 GMT, the shares were up 5.6% at 113p.