UK: Shore Capital buys rival Stockdale in £9M deal

UK: Shore Capital buys rival Stockdale in £9M deal

UK stockbroker Shore Capital has bought rival Stockdale Securities in a deal worth £9 million (US$11.6 million). It is the latest example of consolidation in a sector that is expected to shrink under European trading rules, reported the Financial Times. The tie-up will create the fourth-largest corporate broking and advisory business in London. The combined […]