Article Abstract:
Stockbrokers in Manchester, England, have expanded their corporate teams despite a drop in interest in the market for new issues by smaller companies. Interest could revive in 2nd half 1997 since a valuation discrepancy has developed relative to larger companies. Albert E. Sharp's Kevin Wilson sees a drop of 20% for the market for smaller companies' new issues. There is a also a market for acquisitons of private companies by firms seeking to expand their market share.
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Article Abstract:
UK private investors often perceive stockbrokers in London as less sensitive to their needs unless they are very rich, so they may use brokers in Manchester, England. Pilling and Co is a broker operating in Manchester which specializes in personal equity plans (Peps). Many of those who responded to advertisements came from outside the region in a study carried out by the company. Siddall is another broker in this field in Manchester and is expanding rapidly.
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Article Abstract:
Stockbrokers in Manchester, England, are optimistic, despite problems in world stockmarkets. Competition has intensified in the region. Personnel and technology are seen as important for the success of the region's brokers. Technology gives companies access to information in Manchester at the same time as it is received in London. Companies operating in Manchester include Pilling and Co, Savoy Asset Management, Arnold Stansby and Co, and W.H. Ireland.
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