Panmure Gordon turnaround on track

The investment bank and stockbroker, Panmure Gordon, has had a decent morning on the markets after revealing a turnaround in profits following last year's cost cutting programme.

The investment bank and stockbroker, Panmure Gordon, has had a decent morning on the markets after revealing a turnaround in profits following last year's cost cutting programme.

Earnings from continuing operations were £1.2m in the six months to the end of June with every month during the period yielding a profit. In the equivalent period of 2011 the group turned in a loss of £2.7m.

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