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Evening Standard
Evening Standard
Business
Simon English

Bob Diamond’s Panmure launches takeover bid for struggling finnCap as City brokers feel the pinch

Stockbroker finnCap Group has seen its shares jump higher after it confirmed a takeover approach by rival Panmure Gordon (PA)

(Picture: PA Wire)

PANMURE Gordon, the storied City broker led by Bob Diamond, is in takeover talks with tech specialist finnCap in what could be first of many such deals.

With deal flow drying up and clients nervous, small and medium sized firms are likely to seek safety in numbers.

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