Financial Times FT.com

Evolution’s expansion reaps reward

By Alistair Gray

Published: October 29 2009 21:51 | Last updated: October 29 2009 21:51

The chief executive of Evolution said that the mid-cap investment bank was starting to reap the rewards of its expansion strategy, after another bullish update prompted analysts to lift profit forecasts for the fourth time this year.

Evolution said revenue from corporate activity in the second half of the year would be at least double that of the first, which Alex Snow said was among the “early signs” of improvement.

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