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For apple download Supremo 4.10.3.21513/21/2024 ![]() ![]() I’ve frankly lost count of the number of reviews there have been into the UK’s listing rules.Īnother big report on the “capital markets of tomorrow”, this one authored by former Legal & General supremo Sir Nigel Wilson (who definitely knows his onions), is due to land in the coming months.īut, to date, much of what’s been proposed and even implemented is marginal at best. This apparently chronic malaise has prompted much hand-wringing and soul-searching. The FTSE 100 trades at a slight discount to global equity benchmarks and a sizeable one to the S&P 500 in the US. ![]() Top of that list would be a valuation bump. ![]() Tui, Europe’s largest travel company, told its shareholders last week that there are “clear advantages” to abandoning the London Stock Exchange for pastures new. But a number of other companies – including the building materials business CRH and packaging outfit Smurfit Kappa – also dropped their London listing.Īnd the exodus isn’t over yet. By far the biggest blow was the decision of British chip designer Arm to float on Nasdaq in September. If anything, the pessimism intensified last year. That’s an understandable viewpoint, but a little unfair. The consensus appears to be that the Footsie has become somewhat gout-ridden and arthritic. Much of the recent commentary about the UK equity market has certainly focused on decrepitude. Does it mark the point at which life begins or the moment when the summit has been crested and the view is resolutely downhill? ![]()
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