Saturday, 2 July 2016, 12:00 am
I have a little update about the looming cull at Daniel Stewart.
I hear between 10 and 15 people were let go yesterday from the stockbroker.
And I suspect Daniel Stewart won't be the only broker to be throwing people out over the next few weeks.....
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Wednesday, 29 June 2016, 12:00 am
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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