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
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.
Trump may not be the nightmare European economies fear
Dec 2024
By Simon French, Chief Economist and Head of Research
Conventional wisdom has it that the second Trump Presidency will be a nightmare for the European economy. Certainly that is how financial markets see it. The Euro, the British Pound, and the Swiss Franc are down by six cents against the Dollar during the fourth quarter. The US S&P500 share index is up 9% over the last three months, the closest European equivalent - the Stoxx600 - is down by 2% over the same period. Investors are calculating that the growth of corporate earnings in the United States will further outstrip those in Europe - with US earnings fueled by Trump-led corporate tax cuts, and European earnings impacted by punishing tariffs on Europe's $600bn of goods exports into the US economy.
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