London stock market hit by biggest exodus since global financial crisis
1 week, 2 days ago

London stock market hit by biggest exodus since global financial crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last year was one of the quietest for the London Stock Exchange, which saw the largest outflow of companies since the global financial crisis, stark new analysis shows. The London Stock Exchange saw 88 companies delist or transfer their primary listing from the main market – the most since 2009, according to data from auditing giant EY. The launch of French TV and production giant Canal+ in December nevertheless gave London’s stock market a major boost as the year drew to a close, raising £2.6 billion on its market debut. “We also saw the largest outflow of companies from the main market since the global financial crisis as companies sought access to a deeper pool of investors and the prospect of improved liquidity on other exchanges.” “But as we enter 2025, there are reasons for cautious optimism,” Mr McCubbin went on.

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