London to modernise its listing rules as attractiveness stumbles

Hill report calls for cut in free float to 15%

Pedro Gonçalves
clock • 2 min read

The UK will ease its listing rules to encourage firms to choose the UK over rivals in the US and Europe as the Government tries to carve out a role for the City of London after Brexit.

Under the recommendations of the review led by Lord Hill, former EU financial services commissioner, company founders would be able to maintain control over their companies even after listing them on an exchange in London. EY Brexit tracker finds FS firms continue to migrate staff and assets to other European cities Lord Hill said the recommendations were aimed at "closing a gap which has already opened up" with other international markets and attract more firms to list in London. The London Stock Exchange is facing tougher competition from NYSE and Nasdaq in New York, and from Eur...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

How big an impact could global elections have on portfolio allocation in 2024?

How big an impact could global elections have on portfolio allocation in 2024?

US, UK and India main focuses

Investment Week
clock 19 February 2024 • 8 min read
Hotter than expected US inflation tempers Fed rate cut expectations

Hotter than expected US inflation tempers Fed rate cut expectations

Annual price growth falls to 3.1%

clock 13 February 2024 • 1 min read
Investors turn defensive in January as rate cut expectations change

Investors turn defensive in January as rate cut expectations change

State Street Risk Appetite index

clock 08 February 2024 • 1 min read
Trustpilot