Upbeat Panmure raises profit forecast

UK corporate and institutional stockbroker Panmure Gordon today raised its full-year profit forecast after a buoyant second half in which it won several initial public offering mandates and new broking clients.

Panmure said today in a trading statement it now expects revenue for 2005 to be no less than £28m (€41.2m), of which £20.9m will have been earned in the second half.

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