Home Brexit Numis warns of trading performance amid Brexit uncertainty

Numis warns of trading performance amid Brexit uncertainty

by LLB Reporter
5th Feb 19 9:35 am

City broker Numis has warned Tuesday morning that Brexit uncertainty has disrupted trading performance, the company’s share dropped by more than 6% this morning.

The broker firm announced that they are completing 25% fewer deals, compared to the fist four months last year.

A spokesperson for Numis said, in their trading update Tuesday morning, “Since the start if the financial year, UK equity indices have suffered material declines and the domestic political situation has significantly impacted investor sentiment in the UK.

“As a result, the market backdrop has been particularly challenging for our corporate and institutional clients, which has ultimately impacted our trading performance in the first four months of the year.

“We have a good pipeline of opportunities and would expect to see a meaningful increase in revenue, as and when there is greater clarity regarding the UK macro-economic and political landscape.”

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