We know what’s coming and we are prepared.
š¬š§ London Stock Exchange suffers biggest exodus since financial crisis
The London Stock Exchange is on course for its worst year for departures since the financial crisis, as fears mount that more FTSE 100 businesses will quit the UK in favour of New York.
A total of 88 companies have delisted or transferred their primary listing from Londonās main market this year with only 18 taking their place, according to the London Stock Exchange Group.
This marks the biggest net outflow of companies from the main market since 2009, while the number of new listings is also on course to be the lowest in 15 years as initial public offerings remain scarce and bidders target London-listed groups.
The exodus has continued despite efforts by the UK government, regulators and the LSE to boost the Cityās attractiveness by reforming market rules and the domestic pensions system.
Analysis by the Financial Times last year identified London as the European stock exchange most at risk of suffering departures of big companies to the US.
The analysis ranked companies based on their valuation discount compared with a group of US peers, the share of their revenues generated in the US and the proportion of North American investors on their register.
The 18 large London-listed groups identified as flight risks included Rio Tinto and British American Tobacco. The pair have been pressured by investors to move their primary listing to Australia and the US, respectively.
āMore UK companies are thinking about moving their listings to the US, and the UKās valuation gap to the US has become larger,ā said Goldman Sachs in a note on Friday.
British man attacked for entering a āno-go zoneā in London.
A horde of Islamists surrounded him and questioned why he was in ātheirā neighborhood.
They threatened him and began chanting āAllahu Akbarā as they kicked him out.
Minister of State for Courts and MP for Finchley and Golders Green, Sarah Sackman, says religious courts like 'Shariah' are a fundamental part of 'British Values'.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in todayās dollars.
That shortfallāmore than $600,000 per coupleāis being made up by younger workers.
āMost of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behindā
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619
