Investment Banking

Cavendish says Trump tariffs could boost UK equities after ‘challenging period’

The UK broker expects revenue of £55m, in line with a year earlier

The Square Mile’s brokers are up against slumping capital markets
The Square Mile’s brokers are up against slumping capital markets Photo: Getty Images

City investment bank Cavendish expects US president Donald Trump’s tariffs to benefit UK equities after a “challenging period”.

The UK-focused bank, formed through the merger of Cenkos and FinnCap in 2023, said that it expects revenue for its latest financial year to be £55m, in line with earnings for the previous 12-month period.

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