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Landsbanki deal gives Teather more firepower

Teather & Greenwood, the UK stockbroker, hinted today that it would hunt more deals after agreeing a £42.8m (€62m) takeover by Landsbanki, the Icelandic bank.

Nick Stagg chief executive of Teather & Greenwood, said the UK's mid-cap broking sector was in a period of consolidation and with Landsbanki's financial backing Teather would be in a position to become "a consolidator not a consolidatee."

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