Rothschild & Co posted a gain in advisory revenues during the first quarter of 2019 on the back of strong performance in European mergers and acquisitions, in contrast to some of its rivals.

The independent mid-market investment bank reported revenues of €443.9m during the first three months of the year, a 6% increase on the same period in 2018. Its advisory business – which advises companies on M&A and capital raising — made €292.5m, which was 12% up on the previous year.