Fears over ‘uninvestable’ London stock market as more firms tipped to leave City
A warning over an exodus of major companies from the London stock market was sounded today as investors pull money out of Britain in search of better returns in the United States.
A huge gap in the value of similar companies in London and New York is putting pressure on chief executives to switch their listing in moves that could be devastating to the capital’s status as a global financial centre.
There is growing talk that a giant such as Shell could quit London, turning stock market strife into a full . compiled for the Evening Standard show the market for new flotations — companies raising money to — has collapsed.
