ECM aghast at Brexit delay plans but DCM encouraged

Theresa May’s decision this week to allow Parliament to vote on extending the Brexit deadline by three months has split the UK capital markets down the middle. Bond bankers are cheered and believe UK issuance is likely to rise — but equity deal originators see it as another three months of stagnation, with IPOs all but impossible. Jon Hay, Sam Kerr, Tyler Davies and Aidan Gregory report.