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The world's most expensive power station? Liberum's Atherton in The Spectator

20 February 2014 | Mentions of Liberum

"A clear case of socialising risks and privatising profits." So writes Liberum Utilities Analyst Peter Atherton in today's (20 Feb, 2014) Spectator magazine. That's his assessment of the UK government's agreement with France's EdF to build two new nuclear reactors at Hinkley Point.Spectator Image

In the article, Peter describes the contract as "one of the worst ever signed by a British government". Why? A cost of £8 billion per reactor, a nine-year construction time and an index-linked power price that suggests EdF could receive as much as £150 per megawatt/hour by 2030 (seven years after the reactors are due to be completed) compared with today's wholesale price of £50/MWh.

Click here for The Spectator article >>

Liberum will be sponsoring a new Spectator power conference in September this year, ahead of the May 2015 General Election.

Email Peter Atherton (below) >>

Peter Atherton

Manx Telecom starts AIM trading, Liberum is NOMAD and Corporate Broker

10 February 2014 | Corporate Brokerships, IPO

Shares in Manx Telecom Plc were admitted to trading on AIM today (10/02/2014), followed a placing of 110.1m shares at a price of 142p, raising £156.3m. Liberum is Nominated Adviser and Corporate Broker to the Isle of Man-based telecoms company.

Manx Telecom had a market capitalisation of approximately £160m at the placing price.

Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector as well as a growing portfolio of innovative solutions to offshore customers.

Visit the company's website >>

Liberum Investment Banking: Steve Pearce, Steve Tredget, Tom Fyson, Josh Hughes 
+44 (0) 20 3100 2222 

Sales: Jeremy Smith

Research: Will Shirley

Corporate access: Regan Connor

JPMorgan Private Equity names Liberum Corporate Broker

07 February 2014 | Corporate Brokerships

JPMorgan Private Equity Limited (LSE: JPEL, JPZZ, JPSZ), a closed-ended investment company that invests in the global private equity market, has named Liberum Corporate Broker.

The Guernsey registered, London Stock Exchange-listed company's aim is to invest in a diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

It invests in private equity partnerships and direct investments in Europe, North America and Asia. It has gross assets of $560m, net asset value of $400m and a market cap of $260m.

Company website >> 

Liberum Investment Banking: Steve Pearce and Richard Bootle on +44 (0) 20 3100 2222

Sales: James Bouverat and Nicole Kwan

Research: Conor Finn and Rob Jones

Corporate access: Regan Connor

(Video) Defence Analyst Ben Bourne on the backstory to the Hollande-Cameron meeting

31 January 2014 | Mentions of Liberum

Liberum Aerospace and Defence Analyst Ben Bourne discusses on Bloomberg TV the European defence backdrop to the Jan 31 visit to the UK by French President Francois Hollande.

Keiron Arnold joins as IT Development Manager from Credit Suisse

29 January 2014 | People

Keiron Arnold has joined Liberum as IT Development Manager after three-and-a-half years managing Credit Suisse's credit risk management development team. Prior to this Keiron worked for Investec.

He holds an MSc in Information Systems Development from the London School of Economics & Political Science.

He spent seven years with Computer Sciences Corporation from 1998 to 2005.

Kieron Arnold (1)

Keiron is the latest in a series of appointments at Liberum which has seen Drew Hendrickson join as Senior Sales Trader focusing on the U.S. equity client base, Justin Bates become our analyst covering Specialty and Other Financials and Marcio Remedios join our corporate access team.

Liberum by the numbers

  • 80%: the share of FTSE 100 stocks we cover
  • 50%: the share of FTSE 250 stocks we cover
  • 70: the number of brokerships
  • £243m: the average market cap of Liberum's brokerships
  • 35: the number of analysts
  • 300+: the number of stocks we now cover
  • 18: the number of sectors we now cover

Rockhopper Exploration appoints Liberum Corporate Broker

27 January 2014 | Corporate Brokerships

Rockhopper Exploration plc, (RKH.L), a UK-based oil and gas exploration company with a £400m market capitalisation and interests in the Falkland Islands, has appointed Liberum as Corporate Broker. Following a transaction in 2012 with Premier Oil, Rockhopper is fully financed through the development of the major Sea Lion discovery and retains cash for further exploration.

Rockhopper website >> 

Liberum Investment Banking: Clayton Bush/Tim Graham/Thomas Bective +44 (0) 20 3100 2222 

Equity Capital Markets: David Parsons +44 (0) 20 3100 2125

Research: Andrew Whittock/Kate Sloan +44 (0) 20 3100 2073

Specialist Sales: Fergus Marcroft +44 (0) 20 3100 2242

Corporate Access: Jenni Herbert +44 (0) 20 3100 2239