Banker bonuses in doubt as profits sink 99% at Peel Hunt

Steven Fine

(Picture: Evening Standard/Paulk Dallimore)

PROFITS at Peel Hunt crashed 99.7% in the half-year, a brutal sign of how tough life has been for City brokers lately.

With the market for flotations basically halted and clients sitting on their hands while they prepare for a likely recession, brokers and fund managers have found conditions difficult.