UK's Cavendish FY26 revenue rises on increased equities trading
UK's Cavendish FY26 revenue rises on increased equities trading
Overview
UK investment bank's FY26 revenue rose 2.2% to £56.9 mln
Core profit before tax and core EPS declined slightly due to investment in growth
Company maintained total dividend at 0.8p per share, unchanged from prior year
Outlook
Cavendish says near-term equity market conditions remain influenced by political and macroeconomic uncertainty
Company expects further progress from regional expansion and development of data and AI capabilities
Cavendish will continue to invest selectively in origination, equity distribution, and sector expertise while maintaining cost discipline
Result Drivers
PUBLIC MARKETS - Modest revenue growth was supported by resilient public markets activity, including increased equities trading and investment company performance
PRIVATE MARKETS - Private markets revenue fell due to lower average deal size and the absence of large transactions, despite stable transaction volumes
COSTS AND INVESTMENT - Profitability was impacted by increased employee costs from targeted hiring and regional expansion, as well as investment in technology and senior hires
Company press release: ID:nRSX4692Ja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY EPS |
| GBP 0.002 |
|
FY Adjusted Pretax Profit |
| GBP 3.50 mln |
|
FY Basic EPS |
| GBP 0.002 |
|
FY Pretax Profit |
| GBP 1.50 mln |
|
Analyst Coverage
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)