Stockbroker's Pounds 10m Loss As Merger Looms ; Financial Mail

Mail on Sunday (March 27, 2005)

Author: Ben Laurance

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Summary


STOCKBROKER Panmure Gordon, which is in the throes of trying to merge with mini investment bank Durlacher, posted a Pounds 10 million loss last year, new documents disclose.

The figure is equivalent to losing 43p for each Pounds 1 of the firm's Pounds 23.1 million turnover.

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Stockbroker's Pounds 10m Loss As Merger Looms ; Financial Mail

But Panmure's directors said the 2004 figure was distorted b...

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