numis corp said friday that it expects revenue to fall 33 in fiscal 2022 due to weaker capitalmarkets activity and a strong comparison in the previous year the investment banking group expects revenue of around 144 million pounds 1602 million for the year ending sept 30 this compares with a record gbp2156 million in fiscal 2021 when it rose 392 driven by robust initial public offerings and mergersandacquisitions activity numis said global economic uncertainties caused capitalmarkets activity to remain subdued throughout the second half although this was partially offset by a record revenue performance by its advisory division it added that its mergersandacquisitions pipeline is robust and that is currently acting as financial adviser on nine announced public bids with an average transaction value of more than gbp15 billion our performance for the year reflects a challenging period for our institutional clients who have generally suffered outflows across uk focused funds resulting in lower trading volumes particularly in midcap stocks numis said