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3 March 2021 | 14:28pm
StockMarketWire.com - Following a robust first half of the financial year, FinnCap Group has said it is likely to trade materially ahead of expectations in the second half.
The capital markets business recorded its highest level of quarterly deal fees in Q3 and continued to enjoy good growth in year-on-year sales and trading revenue.
The M&A team in Cavendish has delivered a strong performance to date in Q4 with the successful closure of a number of deals before the announcement of the UK Budget.
As a result, the board now expects total income for the current financial year to be in excess of £43m, approximately 65% up on FY20, and that the group s profits and year-end cash balance will accordingly be well ahead of the Board s expectations at the time of the announcement of the interim results to September 30, 2020.