Numis drops oil and gas clients as work dries up
Numis Securities has opted to cut its natural resources division, driving a number of companies to seek new brokers.
Bloomberg, citing unnamed sources, said this decision came as mining and oil and gas sector work had dried up. The advisory firm is cutting both its equities and investment banking business.
ADES International said it had received notice that Numis would no longer act as its joint broker with immediate effect.
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