HMV, the UK entertainment retail chain, has employed Numis as its financial adviser and corporate broker, as the firm continues to review its business structure. It marks Numis’s fourteenth broking mandate win in the past 10 months.

Numis will replace Nomura as corporate broker over the coming months. According to a source familiar with the situation, HMV, with a £14m market capitalisation, was "too small a mandate for Nomura".