What we do
Formed from the merger of Panmure Gordon and Liberum in May 2024, Panmure Liberum is the largest adviser to UK-quoted companies with market-leading teams in Investment Banking, Research, Sales and Execution.
The merger brings together our combined entrepreneurialism, deep and broad sector knowledge, and shared ambitions to establish a market leader in UK Investment Banking.
Our latest combined transaction successes
Why the Bank of England may need to step in to calm the bond market storm
Jan 2025
By Simon French, Chief Economist and Head of Research
Last week’s turbulence on global bond markets led to a sharp rise in the cost of UK government borrowing. It now costs the UK taxpayer 4.8% a year to borrow for ten years.
A more pragmatic approach to debt could turn things around in Germany
Dec 2024
By Simon French, Chief Economist and Head of Research
Are Germany’s well-documented economic troubles at a turning point? This is a question well worth pondering given the consensus that Europe’s largest economy is destined for another difficult year in 2025.
We can’t afford to allow our pension funds to shun UK assets any longer
Dec 2024
By Simon French, Chief Economist and Head of Research
The last month has seen more companies signalling their departure from the UK stock market. Ashtead, Loungers and Renewi have added to a de-equitisation trend that began decades ago but is accelerating. Poorly designed UK regulation that incentivised a shift away from shares and towards bonds has been amplified by procyclical investment consultants - often failed investment managers - and the impact of Brexit. The tax system has also been perverse. UK taxation actively disincentivises retail investors from owning UK stocks by levying Stamp Duty on UK purchases - something unlevied on foreign-listed shares – whilst the removal of the Dividend Tax Credit in 1997 has played a big role in the UK pensions system now owning just 3% of its assets in UK-listed shares. This figure was almost 50% in the early 1990s.
Panmure Liberum acted as Joint Financial Adviser and Sole Debt Adviser to Media Concierge on its recommended all-cash offer for National World plc for £65.1 million
Dec 2024 News
Panmure Liberum acted as Joint Bookrunner and Joint Broker on Inspired Plc’s fundraise for up to £28.25 million
Dec 2024 News