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Why commuter trains are the best place to gather market intelligence

4 19
23.01.2025

A London Paddington bound train leaves Bath Spa station on the Great Western railway line (Photo by Matt Cardy/Getty Images)

From overheard conversations to poorly concealed laptop screens, the morning commute is a rich source of leaked information, says Sam Turvey

Every year my communications consultancy puts out a global M&A leaks report highlighting where in the world leaks are most prevalent, and speculates on why people leak confidential information.

A debate normally ensues about who, specifically, is doing all the leaking. Is it the investment bankers, the corporate lawyers, a company’s c-suite or the financial PR advisor? Indeed, we have dedicated entire industry events to this topic and I suspect we still don’t know who is doing it. It’s all best guess really.

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