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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Peel Hunt sees improving macro conditions in Q1

(Sharecast News) - Investment bank Peel Hunt said it has seen positive developments in macro conditions since the start of its new financial year, with revenues in the first quarter ahead of last year. The company said it has seen "some improvement in the macroeconomic backdrop" since the end of its financial year (30 March), with "tentative signs of a pick up" in equity capital markets (ECM).

During the period, Peel Hunt said it advised clients in relation to a number of ECM transactions, including acting as global co-ordinator on two IPOs executed on the London market.

Meanwhile, it was also "encouraged" by an increase in activity in both its Execution Services and institutional trading businesses, the company said in a brief trading update on Thursday.

Shares were up 2.3% at 132p by 0918 BST.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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