Green shoots: Investment bank Peel Hunt’s revenues increased 3.2% year-on-year
Peel Hunt said it was seeing ‘encouraging signs’ of recovery.
But although the investment bank’s revenues increased 3.2 per cent year-on-year to £42.4million for the six months to the end of September, boss Steven Fine said more needed to be done to shift the negative mindset about the City.
‘We need fundamental change to address the malaise in UK equity markets,’ Fine said.
He said this would partly come from reforming Individual Savings Accounts (ISA), encouraging more people to become retail investors in London-listed companies.
He said: ‘We would support incentivising new ISAs to invest a proportion of assets into UK-listed companies, as well as the introduction of a dedicated ISA for investment in UK listed mid-cap and growth companies.’
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