Teather pulls in more deals
13 April 2012
COST-CUTTING and a 30% increase in share dealings in the first two months of the current financial year have ensured profitable trading at one of the City's remaining small stockbrokers, Teather & Greenwood.
Improved market share in equity-based commissions provided increased earnings. Corporate finance has also been boosted by placings for clients Ottakars, Majestic Wine and the disposal of Weeks to Bureau Veritas.
Its analysts' forecasts have become more accurate despite all the job cuts of last year. The latest AQ survey has put Teather in first place for earnings forecasts. The group is now recruiting.
