City Of London
London Boutique FinnCap Cuts Jobs Across Firm After Deal Slump
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Boutique investment bank FinnCap Group Plc confirmed it has cut headcount and canceled its interim dividend as the economic downturn weighs on investor sentiment.
Voluntary and mandatory redundancies resulted in a headcount reduction of about 15 people across all parts of the group and at all levels, the City of London firm said alongside its first-half results Tuesday. The company cut its spending on marketing events and branding, and is also advertising surplus office space.