FTSE 100 Update: M&A Activity and £1bn Deal, Peel Hunt Reports Profit

Pi and Aoti boosted its performance. Peel Hunt reported a profit of £1.2 million, a significant improvement from the previous year’s loss of £800,000. The firm highlighted a solid pipeline of upcoming mergers and acquisitions (M&A) and initial public offerings (IPOs), although short-term uncertainty may delay some transactions to the next financial year.

Peel Hunt has been actively involved in mid-cap dealmaking this year, representing 42 FTSE 350 companies. In addition to M&A fees, the successful IPOs of companies like Raspberry Pi and Aoti contributed to its revenue growth. Despite trading in recent weeks meeting expectations, Peel Hunt’s shares fell slightly as the firm acknowledged potential delays in its solid pipeline of M&A and IPO deals due to short-term uncertainties.

Overall, Peel Hunt’s return to profit and strong performance indicate a resilient market outlook, even amid short-term uncertainty. The firm remains optimistic about its future prospects, especially with a solid pipeline of upcoming deals in the M&A and IPO space.