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JP Morgan gets Poundland gig

Tim Wallace

JP MORGAN pulled further ahead in the corporate broking league tables yesterday as Poundland appointed the investment bank.

It means JP Morgan now has 220 broking clients, including 34 of the FTSE 100 and 92 of the FTSE 250.

Poundland is a FTSE 250-sized firm, but with its recent listing has not yet been added to the index of top shares.

JP Morgan worked on the retailer’s flotation in March.

The American bank also landed Brit Insurance as a broking client last week.

It brings the bank further ahead of second ranked rival UBS, which has 60 clients across the FTSE 350.

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