ITV dumps the jolly nice chaps and chapettes at JP Morgan - sources

Tuesday, 4 October 2016, 6:04 pm

The corporate broking merry-go-round continues unabated in the City of London.

I'm told ITV has just got rid of JP Morgan and replaced its longstanding corporate broker, formerly known as JP Morgan Cazenove, with Citigroup. Citigroup corporate brokers are now working for ITV alongside Credit Suisse, according to people familiar with the matter.

Quite why the FTSE 100-listed broadcaster has chosen to fire one of its corporate brokers - who act as a company's 'eyes and ears' in markets - remains unclear...

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