- FinnCap Group said it expected to report annual performance ahead of management's expectations following amid good performance from recently acquired Cavendish.

'There are already good indications of the benefits of combining finnCap and Cavendish. In March 2019, the Group successfully completed its first buy side advisory deal on behalf of a private equity house,' the company said.

The group had also recently provided debt advisory services to an existing listed client of finnCap to support an acquisition and several sell side opportunities had been introduced to Cavendish through finnCap's existing network, the company added.

'I am delighted by the outturn for the year against a difficult market backdrop. As a business we are focused on providing services to a broad range of ambitious companies and it is very pleasing to produce this trading performance from advising on over 70 transactions with no one client representing more than 5 per cent. of revenue,' said Sam Smith, CEO of the Group.

At 9:30am: [LON:FCAP] share price was +0.4p at 28.5p

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