Webb buys into Dowgate

Companies: DGT   
18/11/2008

Fund manager Peter Webb and associates have bought 5.25 per cent of finance group Dowgate Capital.

AIM-quoted smaller company specialist Dowgate, owner of Ellis Stockbrokers and CFA Capital, has revealed the purchase only a few weeks after possible takeover talks with fellow investment group Daniel Stewart were abandoned. Webb, a sometimes controversial City star who founded the Eaglet investment trust, recently relinquished the top job at another investment group, Unicorn.

Shares in Dowgate are unchanged at a depressed 5.5p.   

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Robert Tyerman

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