City heavyweights are planning to launch their ‘elevator pitch’ for UK capital markets in early July, according to people familiar with the situation.

The Capital Markets Industry Taskforce – a group that includes the London Stock Exchange’s Julia Hoggett, Schroders’ Peter Harrison, Latham & Watkins’ Mark Austin, Barclays’ Katharine Braddick and Phoenix’s Andy Briggs – is planning to produce a definitive summary of its work on how to rekindle London’s flagging capital markets.