BANKERS SET TO MISS FEES BONANZA

ARM’S decision deprives City investment bankers of tens of millions of pounds.

After a threadbare 2022 in the Square Mile and Wall Street a London float would have delivered a fees fillip at a time when global investors remain wary of Britain. Mark Freebairn, partner at recruitment firm Odgers Berndtson, said companies were being put off floats in London by ‘beyond aggressive’ scrutiny and regulation.