By Simon Hunt

Copyright cityam

Good morning from the City AM liveblog team.

After suffering one of the most dismal nine-month spells in decades, could there finally be hope of a fourth-quarter revival for the London Stock Exchange’s IPO pipeline?

Today we’re expecting the dual listing of energy real estate business Fermi, which is also listing in New York. And British bank Shawbrook is to lay out plans for its much-anticipated IPO. Have we reached a turning point?

The government appears to be aware London’s IPO drought is a problem, and there are now mutterings that the Treasury is going to offer a stamp duty holiday to newly-listed companies, likely to apply for a period of two to three years, to make the market more competitive internationally. That’s only a tax cut of 0.5 per cent to share trades, but it could make a big difference to encouraging more investment into equities.

Here’s a summary of our top headlines from yesterday:

JP Morgan scraps Nutmeg in launch of new personal investing brand

Thought Machine lands £45m funding round after losses widen

Peter Kyle says Employment Rights critics ‘come from certain educational backgrounds’

Revolut, Barclays and Monzo top fraud complaints ranking

Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’

‘Grotesquely unfair’: 700,000 Brits caught in 60 per cent tax trap