Irish firms hit by collapse of London broker

Conroy Gold chairman Richard Conroy

A number of Irish companies have been hit by the decision by Britain’s financial regulator to place the stockbroking firm Beaufort Securities into liquidation.

Beaufort Securities and an associated company, Beaufort Asset Clearing Services, were placed into administration by the Financial Conduct Authority on Friday. Beaufort acts as broker or joint broker to a number of Irish companies, mainly in the exploration and natural resources sectors including Conroy Gold, Lansdowne Oil & Gas, ...