The UK boss of PrimaryBid, a platform trying to bring more retail investors into public markets, has said that negative talk about the City's capital markets isn't matching the reality on the ground.

"The fact that you've got US IPOs taking place today, and there is a pipeline of transactions in Europe, gives us great cause for concern in London,"  said James Deal, a former JPMorgan director who co-founded PrimaryBid in 2019. "But in the same way as the US saw a fallow period 15 years ago, that is what we are experiencing now for a number of broader reasons.