numis corp said monday that it expects to report that revenue fell 14 in the first half of fiscal 2023 amid weaker overall investment banking markets and that despite a good start to the year equities revenue will be lower than the comparative period the londonbased investment bank said institutional income and trading businesses had a weaker end to the half year and that continued scarcity of uk equity capital markets across the market resulted in lower investment banking revenue the company said revenue for the six months that ended march 31 is expected to be around 64 million pounds 789 million numis said the mergers and acquisitions outlook remained encouraging with a record first half for advisory our balance sheet remains strong with both liquidity and capital positions enabling the capacity to deliver shareholder returns and continued investment in our strategy to deliver growth through the market cycle it said