Giles rejects IPO, claiming 15% rise in 2011 operating earnings beats peers
Strategic acquisitions in 2012 by consolidator Giles could still rival those from 2011 by value, if not frequency, despite a renewed focus on organic growth, as it looks to bolster specialisms and close gaps in its geographic footprint.
However, Giles CEO Brendan McManus this week categorically ruled out an initial public offering after the broker filed its 2011 full-year results at Companies House, citing a "10-year plan" for growth
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