Daniel Stewart wields the axe
There is more gloomy news from London's small cap stockbroking industry.
I hear Daniel Stewart, which has seen its shares suspended, has this week begun a major cull, possibly about a third of its work force.
Whether this latest purge is connected to Brexit or just an extension of the general malaise in the industry remains to be seen.
I asked Peter Shea, chief executive of Daniel Stewart, about the job losses but he declined to comment...
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