Allenby buys First Columbus arm

Small-cap broker Allenby Capital yesterday revealed it had bought the broking business of First Columbus. The firm said the deal swells its client list to more than 50 listed companies. “After an extremely busy 2013, in which we completed more than ten significant transactions, we have been looking to strengthen our service offering to our clients and the acquisition of First Columbus’ broking business enables us to do this,” said Allenby boss Nick Naylor.