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

Too embarrassed to ask: what is short selling?
Too embarrassed to ask

Too embarrassed to ask: what is short selling?

Short sellers are often accused of unfairly driving share prices down to make a quick buck. But short selling is a perfectly legitimate – if risky – t…
26 Jan 2021
Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021