Rivals are continuing to target the blue-chip clients of Hoare Govett after the broking arm of Dutch bank ABN Amro lost its second FTSE 100 client in a week.

BG Group, a UK energy exploration and production company, followed UK food group Tate & Lyle in replacing Hoare Govett as its corporate broker. Hoare Govett, the UK's fourth-biggest corporate broker, has lost seven FTSE 100 brokerships this year as rivals have sought to exploit unrest following the defection of a seven-strong team to Citigroup, led by Nigel Mills, former chief executive.