It's tough times for the chaps in pin stripe suits at stockbroker Canaccord Genuity.
According to my mole, the Canadian broker - which is de-listing from the London Stock Exchange - has placed a blanket ban on silver service dining at its smart, wood-panelled dining rooms and restricted client lunches to sandwiches.
I imagine old school City stockbrokers (not that there are many of them left) view such modern day restrictions as abhorrent.
But given the state of the UK stockbroking industry, needs must, I guess. Except that, I'm told, Canaccord Genuity has a rather large "corporate shooting budget" that is somewhat bigger than the catering budget, so it seems odd to restrict client lunches to one sandwich a day.
I put several calls into the company's public relations executive at Teneo to ask whether the company wanted to comment on any of the above. However, so far I have not heard back from Canaccord's PR adviser.
Perhaps, then, Teneo have been given the chop, too?
UPDATE:
A spokesperson for Canaccord Genuity returned my call and said "no comment".
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