Broking house Numis Corporation said it had experienced a 'very strong' start to the year, with revenues significantly ahead of the comparable period last year.
'We have benefited from an increase in overall transaction volumes and materially higher average fees compared to a relatively slow start to the prior year,' the company said.
The performance was driven by robust trading across both the equities and corporate broking and advisory sides of the business.
'Our retained corporate client base continues to deliver high quality transaction activity, with our revenue growth being driven predominantly by a pick-up in clients accessing the equity capital markets and greater M&A derived revenue,' Numis said.
'Similarly, the equities division has continued the good performance from the second half of the previous financial year and delivered revenue materially ahead of the same period last year.'