finnCap sales jump as City stockbroker cheers strong March

City stockbroker finnCap has revealed higher annual sales and cheered a stronger than expected March, helped by a series of fundraisings and IPO work.

Among projects the AIM-listed firm advised on in March was ready meals group Parsley Box’s London float.

Sam Smith, chief executive of finnCap, said: "The group continued to perform strongly in March, surpassing our expectations.”

Smith pointed to a number of highlights, including acting on secondary equity issues raising a total of £66 million.

Total revenue for the year to March 31 is expected to be around £46.4.million, up 78% from the prior 12 months. Total income for the year is set to be around £47.3 million, 83% higher. The update comes just over a month after the company said it was expecting to record a income figure in excess of £43 million.