City Of London
City of London’s Broker Shakeout Puts a Spotlight on Peel Hunt
Most of the capital’s other brokers have been taken out, leaving Peel Hunt as the last big independent name
The London Stock Exchange.
Photographer: Jason Alden/BloombergTwenty years ago, one of the crucial choices for any company hoping to join the London stock market was picking a corporate broker.
A financial crisis and thousands of pages of regulations later, broking names like Hoare Govett, Collins Stewart and Cazenove have been swept away by takeovers. For the companies braving the UK equity markets nowadays, a shrinking number of mostly international firms are left to help.