Cavendish Financial PLC - London-based investment bank formed by the merger between finnCap Group PLC and Cenkos Securities PLC - Says Director & Chief Operational Officer Richard Snow will step down from the board on July 31. Chair Lisa Gordon says: ‘Richard has played a substantial role in our integration and restructuring.’ Adds: ‘The Board understands Richard’s desire to pursue a new direction and return to a CFO role. I would like to thank him for his significant contribution and wish him the very best for the future.’

Current stock price: 13.94 pence, up 3.3% in London on Friday

12-month change: up 36%

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