Panmure Gordon returns to profits after seven years
25th Mar 2014 15:21
Liverpool-headquartered stock broker and investment bank Panmure Gordon almost doubled its pre-tax profits last year as it continued its turnaround and made its first statutory profit since 2007. As net commission and fee income increased 29% to £27.32m as its client list grew from 96 to 130, profi
Read morePanmure Gordon's half-way figures hit by volatile trading conditions
24th Sep 2013 07:42
Panmure Gordon's first half operating profit fell to 0.3m pounds from last year's 1.2m pounds as the stockbroker invested in a restructuring. Increased administrative costs including the acquisition of new teams shaved off operating profits. Commission and trading income of £5.2m was flat, reflec
Read morePanmure Gordon turnaround on track
26th Sep 2012 11:39
The investment bank and stockbroker, Panmure Gordon, has had a decent morning on the markets after revealing a turnaround in profits following last year's cost cutting programme. Earnings from continuing operations were £1.2m in the six months to the end of June with every month during the period y
Read moreOakly Capital Investments non-exec buys 200,000 shares
26th Jun 2012 16:10
Laurence Blackall, a non-executive director of Oakley Capital Investments, a Bermuda-based investment firm, has purchased 200,000 ordinary shares at 118p a pop. The £236,000 purchase is currently the director's only holding in the firm, equal to around 0.2% of the total voting rights. At the end
Read moreSmall caps round-up: Brainspark, Top Level Domain Holdings, Globo
24th Apr 2012 08:34
The management of Brainspark, the AIM-listed investment company, has sought to reassure investors nothing is wrong after its share price fell over 30% in the last month. The company's directors said they knew of no reason for the decline. They added that day to day operations continued as normal and
Read moreChristie chief exec tops up
30th Sep 2011 14:20
The chief executive of surveying, valuation and rent review group Christie, David Rugg, has upped his stake in the company, spending £60,000 on shares. He took 100,000 at 60p a time and now has about 2.6m or 10.3% of the company. Christie works with the retail, leisure and care sectors and has off
Read moreLondon close: Strong end to a strong day
17th Mar 2011 16:49
London's blue chips were strong all day and boosted late on by a strong start in the US where the Dow notched up a triple-digit gain in quick time. For once, investors overlooked the ongoing bad news on the Japanese earthquake and turmoil in the Arab world to hunt out a few bargains. Heritage Oi
Read moreLondon afternoon: Shares kick on as US opens higher
17th Mar 2011 13:57
Share prices kicked on over the lunchtime session, boosted by a firm start on Wall Street, where the Dow has notched up a triple-digit gain in quick time. Though the focus remains on the aftermath of the Japanese earthquake and any response to the turbulence it has caused in the financial markets
Read morePanmure Gordon confident after tough year
17th Mar 2011 07:57
Stockbroker and investment bank Panmure Gordon posted a loss in 2010, though things improved in the second half and the company says it enters 2011 with a promising pipeline. Panmure posted an adjusted pre-tax loss of £4.26m for the year, bigger than the £3.08m deficit the previous year, on net re
Read morePanmure Gordon boosted by US recovery
5th Jan 2011 08:16
Stockbroker and investment bank Panmure Gordon has seen a significant improvement in its operating performance in the second half of the year. "Both our UK and US businesses generated operating profits in this six months, in spite of continued challenging trading conditions," it adds. UK investme
Read moreNo Evolution bid for Panmure
19th Oct 2010 17:49
Evolution says that it has decided not to bid for fellow broker Panmure Gordon. Evolution says that it reviews Panmure's interim results and subsequently made an indicative conditional proposal to Panmure's board. That proposal was rejected and Evolution does not believe that further discussions a
Read moreQInvest considering options for Panmure stake
15th Oct 2010 15:49
It appears that Evolution may have more chance of acquiring rival broker Panmure Gordon than first thought because QInvest is rumoured to be considering selling its 44% stake in the broker. Ironically, Qatar-based investment bank QInvest has asked Lazard to advise it on its options. Lazard used to
Read moreEvolution given Panmure bid deadline
8th Oct 2010 17:29
The Takeover Panel has told broker Evolution that it has until 5pm on 28 October to make a firm bid for Panmure Gordon. Fully listed Evolution has said that it is interested in buying its AIM-quoted rival but has put no firm proposals on the table. If it does not make a bid by the deadline it will
Read moreLondon open: Gains short-lived
4th Oct 2010 08:37
Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo
Read moreLondon pre-open: Footsie to renew assault on 5600
4th Oct 2010 07:35
London is expected to open cautiously firmer with City traders thinking the FTSE 100 index might just about breach the 5600 barrier at the opening, which would mean a rise of around 7 points from Friday's close. Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weeken
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