City broker Panmure Gordon has posted a loss of £16.3m, as it has looked to change its fortunes under former Barclays' investment bank boss Rich Ricci after a series of strategic missteps.
The bank, which is owned by an investment firm run by former Barclays chief executive Bob Diamond, slipped to the annual loss in 2022 just 12 months after returning to profit, according to newly-released accounts.
