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




Rewiring Whitehall’s digital service will help to spur growth
Mar 2025
By Simon French, Chief Economist and Head of Research
“The UK really needs a DoGE”. I must have heard this uttered hundreds of times since Elon Musk and his band of ‘Muskrats’ took over the running of the US Digital Service in January and immediately rebranded it as the Department of Government Efficiency (DoGE). Advocates of a smaller state sector in the UK have been looking on at events in Washington - and to a lesser extent in Buenos Aires under President Javier Milei - as the testbeds for ideas they want to see implemented in the UK. With the tax burden at a 75-year high and the UK public sector now at 45% of the entire economy this is an issue that is not going away.

Reforming ISAs would help savers and boost investment in UK firms
Feb 2025
By Simon French, Chief Economist and Head of Research
In recent weeks there has been renewed focus on the future of Individual Savings Accounts (ISAs). This was triggered initially by Exchequer Secretary, Emma Reynolds, suggesting to a House of Lords Committee that taxpayer support for cash savings has “failed to drive an investment culture” in the UK.

This ‘iron chancellor’ is at the mercy of external events
Feb 2025
By Simon French, Chief Economist and Head of Research
Last week saw two important milestones for the UK public finances. The first was an updated Bank of England forecast downgrading the UK growth outlook. The second was the latest assessment from the Office for Budget Responsibility (OBR) on the government’s progress against its self-imposed fiscal rules. Whilst the Bank of England’s workings were made public enabling a post-mortem of its decision to cut interest rates, the OBR’s document was, as convention dictates, a private missive to Chancellor Rachel Reeves. In doing so, the OBR provided Reeves with her first official guide as to whether she needs to stick, or twist, following her October Budget. Speculation is rife that the Chancellor will need to twist. A range of external economic forecasters have suggested that higher borrowing costs on global markets, the slowdown in consumer and business sentiment, and higher energy costs will combine to eliminate the modest headroom Chancellor Reeves left herself in the Autumn.

Panmure Liberum expands distribution capabilities in Australia through partnership with Petra Capital
Mar 2025 News