“There’s no silver bullet,” London Stock Exchange Group CHIEF EXECUTIVE OFFICER David Schwimmer stated in a meeting. “The pension fund situation in the UK has been 20 years in the making, so we’re not going to fix that overnight. But over the next few years I think you could see a meaningful impact.
Still, the LSEG chief noted, there were “some myths that need to be busted” regarding Britain’s resources markets: mainly, that business can repair regarded appraisal voids by relisting inNew York He revealed information that simply 20 UK companies have actually done substantial United States equity increases in the previous years, and a lot more equity resources was elevated in London in 2014 than in Paris, Frankfurt, and Milan incorporated.
“If you look at the performance of [formerly UK-listed] companies that have gone to the US, it’s gruesome,” Schwimmer stated, while acknowledging that a couple of have “done fine.” (Shares of betting titan Flutter have actually risen 45% because it transferred to New York, aided by the runaway success of FanDuel however likewise by its brand-new digs. Shares of Ferguson, a pipes representative, are up 50% because it re-listed in New York in 2022.)
