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Numis Corp PLC - London-based investment bank - Says revenue in its financial first half, which ends March 31, is now expected to be 36% below the previous year's figure at £74 million. Says performance within the Investment Banking division was hit by a decline in equity capital markets activity, despite a strong revenue performance from M&A and Growth Capital Solutions. Within the Equities division, challenging market conditions in recent weeks have hurt the profitability of the company's trading book. As a result, Equities revenue for the first half is expected be around 20% below the previous year.
Current stock price: 259.76 pence, up 1.1% in London
12-month change: down 31%
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