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Panmure Gordon shares rise 8%

By DAILY MAIL REPORTER
Updated: 05:42 EST, 6 January 2011

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Stockbroker Panmure Gordon's share rose 8%, thanks to a 'significant improvement' in trading in the second half.

There is still a lack of corporate deals in the UK, but chief executive Tim Linacre said the firm's broking and investment banking business in the US has seen a strong pick up.

He sees a 'number of clouds' hanging over the UK economy.

Panmure, up 2.5p to 33.5p, is not holding any takeover talks, following last year's rebuttal of an approach by rival Evolution. Its chairman Ed Warner bought 100,000 shares at 33p.

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