Stockbroker Numis' revenue tanks, says UK election could hit deals
Share:
(Reuters) - Stockbroker and corporate adviser Numis Corporation said on Wednesday that tough market conditions in the UK and the upcoming general election would potentially hit deal-making in the short term while posting an 18% drop in annual revenue.Revenue fell to 111.6 million pounds for the 12 months ended Sept. 30, compared to 136 million pounds a year ago, as Numis' investment banking unit suffered from lower deal volumes and its equities division was hit by volatility."Market conditions..