Peel Hunt losses widen to £3.5m on staff restructuring costs

The Square Mile’s brokers are continuing to feel the squeezePhoto: Getty Images

UK investment bank Peel Hunt’s losses increased last year, even as revenue improved amid a difficult market for London listings.

The bank posted a £3.5m pre-tax loss for the full fiscal year to 31 March, with staff restructuring costs weighing on its business.