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Evening Standard
Evening Standard
Business
Daniel O'Boyle

City firms see the first signs of a rebound in dealmaking

Numis City Peel Hunt Deutsche Bank

Numis, the ‘mini-investment bank’ set to be bought by Deutsche Bank, says there are “emerging indications” that market activity will pick up over next six months, after its profits fell by 55% in the past half-year.

Revenue slid by 14%, which the City firm put down to “subdued” market activity. However, the company’s advisory arm performed much better, with revenue up 40%.

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