Costain picks Liberum as its new joint broker

Marion Dakers
ENGINEERING group Costain has hired Liberum Capital as its joint corporate broker alongside Investec, in the latest client win for Simon Stillwell’s investment bank.

FTSE All Share-listed Costain, which tried to merge with May Gurney this year but was blocked by a higher bid from Kier, named Liberum’s Steve Pearce as its new joint broker with immediate effect.

The mandate is the latest in a string of contract wins for Liberum in recent months, having hired 14 staff from rival Espirito Santo.

Liberum was added to the broking roster at Workspace and Vertu Motors in October, while Winkworth and NewRiver Retail hired the bank over the summer.