“There’s no silver bullet,” London Stock Exchange Group CHIEF EXECUTIVE OFFICER David Schwimmer claimed 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” concerning Britain’s resources markets: primarily, that business can repair regarded appraisal spaces by relisting inNew York He revealed information that simply 20 UK companies have actually done substantial United States equity elevates in the previous years, and much more equity resources was elevated in London in 2015 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 claimed, while yielding that a couple of have “done fine.” (Shares of betting titan Flutter have actually skyrocketed 45% given that it transferred to New York, aided by the runaway success of FanDuel yet likewise by its brand-new digs. Shares of Ferguson, a pipes supplier, are up 50% given that it re-listed in New York in 2022.)
