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The company, which made its market debut in September last year, said investor sentiment has been negatively affected by inflation worries and global geopolitical events, including the latest Russia-Ukraine conflict.
“The backdrop for capital markets activity has been particularly challenging,” the London-listed company said in a statement, as markets are also dealing with lower investor confidence due to the Omicron variant of the coronavirus.
Peel Hunt, however, said it still expected to post record full-year revenues in its ‘investment banking’ division, as it continued to see a growth in corporate client numbers.
In December, it had reported interim pretax profit of 29.5 million pounds ($40.14 million) for the six months ended Sept. 28, and had said it was on track to meet its full year outlook.
($1 = 0.7349 pounds)
