Lombard Street Research, the macroeconomic and equity strategy specialist, reported a 12.7% increase in revenues for the year to March 31, as institutional investors put a premium on macro-economic and thematic analysis.

The firm, which was founded in 1989 by Tim Congdon as an independent macroeconomic research house, reported revenues of £6.2m for the year ended March 31, up from £5.5m a year earlier, according to filings with Companies House.