“There’s no silver bullet,” London Stock Exchange Group CHIEF EXECUTIVE OFFICER David Schwimmer said in a gathering. “The pension fund scenario within the UK has been 20 years within the making, so we’re not going to repair that in a single day. But over the subsequent few years I feel you could possibly see a significant impression.
Still, the LSEG chief famous, there have been “some myths that need to be busted” relating to Britain’s assets markets: primarily, that enterprise can restore regarded appraisal voids by relisting inNew York He revealed info that merely 20 UK corporations have really achieved substantial United States fairness will increase within the earlier years, and much more fairness assets was elevated in London in 2014 than in Paris, Frankfurt, and Milan included.
“If you look at the performance of [formerly UK-listed] companies that have gone to the US, it’s gruesome,” Schwimmer said, whereas acknowledging that a few have “done fine.” (Shares of betting titan Flutter have really risen 45% as a result of it transferred to New York, aided by the runaway success of FanDuel nevertheless likewise by its brand-new digs. Shares of Ferguson, a pipes consultant, are up 50% as a result of it re-listed in New York in 2022.)
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