UK investment bank Numis said it expects to report revenue of £110m for the six months to 31 March, up 75% compared to the same period last year and “comfortably ahead” of its record performance in the second half of the 2020 financial year.

Numis said in a 30 March trading update that its investment banking revenue has “benefitted from favourable market conditions” and is “materially ahead” of the first half of the 2020 financial year which was hit by a pandemic slowdown.