Infrastructure group Balfour Beatty has appointed UK mid-cap investment bank Numis Securities as joint corporate broker in place of Goldman Sachs, following a review of its advisory relationships.

Balfour Beatty, a FTSE 250-company with a market capitalisation of around £1.5 billion, released a statement to the stock market on Wednesday morning stating that Numis, whose corporate broking team is led by David Poutney and Alex Ham, has been called in as joint corporate broker alongside Bank of America Merrill Lynch.