Bob Diamond's Panmure Gordon approaches FinncCap about merger, reveals Sky News

Panmure Gordon, the City stockbroker backed by former Barclays boss Bob Diamond, has approached rival FinnCap about merger, according to Mark, the "Kleinmanator", Kleinman of Sky News.

It's cracking scoop from Kleiny which is also likely to send shockwaves among the rest of the London-based mid and small cap brokers, such as Peel Hunt, Numis and WH Ireland, who are all likely looking over their shoulders, too. ..