Jeremy Hunt held talks with among the City’s prime enterprise leaders on Tuesday in a bid to inject recent momentum into London’s flagging marketplace for new firm listings.

Sky News understands the chief executives of asset managers Abrdn and Schroders and their counterpart at HSBC Holdings have been amongst these scheduled to attend a breakfast summit with the chancellor.

City sources mentioned the target of the assembly was to evaluate present initiatives geared toward boosting the competitiveness of UK fairness capital markets following the Mansion House reforms unveiled final 12 months by Mr Hunt.

Among the measures he introduced final summer season was a transfer to liberalise the foundations governing the spectrum of property during which pension funds can make investments.

The London Stock Exchange has been hit by quite a lot of distinguished multinationals, together with gaming group Flutter Entertainment, constructing supplies firm CRH and TUI, the tour operator, both cancelling their UK listings or drawing up plans to.

Mr Hunt is predicted to announce additional measures to bolster the monetary providers trade’s worldwide competitiveness in his Budget in early March.

Among these might be the creation of a UK ISA, which might assist funding into London-listed corporations.

“The chancellor wants to hear ideas from industry about how such a plan might work and how they see it supporting the City and the UK economy,” mentioned one supply.

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Stephen Bird, the abrdn chief govt; Schroders boss Peter Harrison; Noel Quinn, HSBC’s group CEO; Andy Briggs, Phoenix Group CEO; Steven Fine, Peel Hunt chief govt; and Citi govt David Livingstone have been anticipated to be on the assembly with Mr Hunt.

Bim Afolami, the brand new City minister, was additionally because of attend, the supply added.

The Treasury has been contacted for remark.