Wednesday, 24 February 2016

Panmure Gordon shenanigans

So, I was just about to publish a story about how Phillip Wale, chief executive of Panmure Gordon, has held talks with rival brokers about merging when the company stuck this statement out:

In summary, Phillip Wale is leaving Panmure Gordon as chief executive just a few days after Ed Warner resigned as chairman and the Qataris/Qinvest are giving another £5 million to the broker via a "funding facility".

That's throwing good money after bad, in my humble opinion...


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