finnCap Group plc (GB:CAV) has released an update.
Cavendish Financial plc has reported robust post-merger performance with a second-half revenue increase of 80%, totaling £35m, and has announced the resumption of dividend payments due to a strong financial position and £21m cash balance. Despite a challenging market, the company has secured transactions worth approximately £2.5 billion since the merger, with a positive outlook for the upcoming year driven by a diversified offering and potential market improvements. Cavendish has also focused on strategic hires to enhance their service offerings and is poised to capitalize on market opportunities.
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