Marechale Capital reports losses in half-yearly

Marechale Capital reported Thursday an interim loss in its half-yearly results as the investment banking and corporate finance business tackles the uncertainty in equity markets.

Marechale Capital reported Thursday an interim loss in its half-yearly results as the investment banking and corporate finance business tackles the uncertainty in equity markets.

The London-based company released its results for the six months ending September 30th, revealing revenue of £140,682, down from £237,319 reported in the comparative period the prior year.

The group unveiled a loss of $156,044 compared to £85,817 in losses for the same period in 2011.

"Similar to last year, we report an interim loss, albeit higher than budget," the company said in a statement.

"The first six months of the current year have been challenging because, whilst Marechale has a steadily increasing number of growing businesses and funds as clients that it advises and acts for, the economic sentiment generally, and uncertainty in the equity markets in particular, has made fundraising difficult with projects taking longer to complete."

The company is confident business will perk up with a number of projects in the pipeline and with the completion of transactions with firms including Duncan Baird, Rex Restaurants and Traccr.

Marechale is expecting deals to pick up in December as it has its highest number of engaged finance corporate finance projects to date, including the launch of a new £30m renewable energy EIS fund to which the company is acting as an on-going adviser.

RD

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Government plans could see NS&I boost interest rates
Savings

Government plans could see NS&I boost interest rates

The government-backed bank has a new funding target, which could prompt it to boost the rates on its Premium Bonds, ISAs and bonds.
16 Mar 2023
Share tips of the week – 17 March
Investments

Share tips of the week – 17 March

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
10 Mar 2023
How to make your child a tax-free millionaire by age 37
Investments

How to make your child a tax-free millionaire by age 37

Exclusive research for MoneyWeek reveals how funding an ISA and a pension for your child until age 18 could build up a seven-figure sum by the time th…
14 Mar 2023