Sports Direct hires Espirito as broker

Kasmira Jefford
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SPORTS DIRECT has hired the Portuguese investment bank Espirito Santo as its corporate broker after ending its six-year relationship with Bank of America Merrill Lynch (BAML) earlier this month.

The sportswear retailer, controlled by Newcastle United owner Mike Ashley, said it had appointed Espirito with immediate effect, becoming joint broker alongside Oriel Securities.

Ashley and BAML had worked together since the firm floated in 2007.