London’s stock market has shrunk 25% in the past decade
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LONDON’S shrinking stock market has reached a new milestone, with the latest data showing that the bourse has lost 25 per cent of its companies in the past decade.
The tally fell further last year, with total listings dropping 6 per cent to 1,836, according to a report from UK trading platform XTB, citing data from the London Stock Exchange that includes the main and junior markets. Back in 2013, there were 2,448 firms listed.
London’s stock market has languished as companies depart for New York’s deeper pools of investor cash and technology centre. The number of listing may fall further in 2024 as takeover activity swells and new share listings languish, brokerage Peel Hunt said in a recent report.
Bloomberg has contacted London Stock Exchange Group for comment. BLOOMBERG
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