London Stock Exchange suffers biggest exodus in 15 years as former boss sounds alarm
The former head of the London Stock Exchange Group has warned its flagship bourse has become “deeply uncompetitive” amid its biggest exodus since the financial crisis.
Xavier Rolet, who ran LSEG between 2009 and 2017, said lacklustre trading in London created a “real threat” of more UK firms ditching their listings in the capital for better returns overseas.
His comments come after FTSE 100 equipment rental firm Ashtead confirmed plans to move its main listing to the US, following in the footsteps of several other big companies in recent years.
LSEG data shows 88 companies have either delisted or transferred their primary listing away from London’s main market this year, while just 18 firms have joined.
https://www.cityam.com/london-stock-exchange-suffers-biggest-exodus-in-15-years-as-former-boss-sounds-alarm/