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Greenhill strikes bullish tone in Q3 results

Profits bounce back in the three months to the end of September from a steep plunge a year ago as completed deal fees rise

Deals Greenhill closed in Q3 include Tesco's sale of its garden centre chain Dobbies
Deals Greenhill closed in Q3 include Tesco's sale of its garden centre chain Dobbies Photo: iStock

Greenhill & Co is back in a bullish mood and braced for a strong finish to the year as a pick-up in completed deals drove third-quarter revenues at the advisory house up by half from a year earlier, when both revenues and profits plunged.

Revenues rose 51% to $76.6 million during the three months to September 30 from $50.6 million a year earlier, the US firm said in its results statement on October 24.

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