🇬🇧 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 London’s 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 City’s 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.
“More UK companies are thinking about moving their listings to the US, and the UK’s valuation gap to the US has become larger,” said Goldman Sachs in a note on Friday.
“Why is this country trying to kill us?”
Major toilet paper brands in America have been found to contain forever chemicals. PFAS cause cancer, hormone disruption and more
Major brands include
21 in brands total were found to contain forever chemicals. It should be illegal
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🇿🇦 Police airlift a crocodile with the body of a 59-year-old businessman inside.
Local police in #SouthAfrica say they suspected the crocodile ate the man after observing it from drones. They then shot it and airlifted it off. When they landed back on the ground, the crocodile was sliced open, and human remains were found.
The remains are believed to be those of 59-year-old Gabriel Batista, who had previously been swept away in raging floodwaters. His ring was found inside the animal along with six other pairs of shoes.
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Illinois: Video Shows Palestinian Police Officer Urging Arabs to Flood U.S. Police Departments
A Palestinian police officer in Bridgeview, Illinois is urging the Arab community to flood U.S. police departments in huge numbers. His blunt message “the more the merrier” has now sparked major controversy.
Read the full story here: https://lawenforcementtoday.com/illinoisvideoshowspalestinianpoliceofficerurgingarabstoflooduspolicedepartments
@police_frequency
📢 🇺🇸 🚷 Congressman Andy Ogles on X:
Excited to announce that my 83-page ASSIMILATION Act has been introduced.
Months of labor were undertaken by my staff, Senator Tuberville and myself in order to GUT the Hart-Celler Act of 1965, as well as scrap provisions of the Immigration Act of the 1990s.
The goal of this bill is simple: end replacement migration and ensure American cultural cohesion.
This bill will end the H-1B scam, ensure migrants NEVER become a public charge, and make America look like America again. FYI, net immigration immediately decreases by 85% under this bill.
Some other things it does:
• National Interest Standard
• Stringent Character Tests
• Mandatory E-Verify
• Ends Chain Migration
• Ends Diversity Lottery
• GUTS Birthright Citizenship
• WAY Tougher Asylum Standards
• Stronger Public Charge Rules
• 10 Year Citizenship Requirement
• English & American Civics PROFICIENCY
📎 Rep. Andy Ogles
BREAKING: US data center construction spending jumped +34% YoY in March, to a record $50 billion annualized rate.
Spending on data centers is up +437% since the beginning of 2021, when the annualized rate stood at ~$9 billion.
This is also up +688% since the start of 2018, when the annualized rate was just ~$6 billion.
Meanwhile, office building construction spending fell -9% YoY in March, to $46 billion, the lowest since 2015.
This means that spending on data centers now exceeds office building construction by $4 billion, or +9%.
To put this into perspective, office construction spending exceeded data center spending by $65 billion, or +650%, in 2020.
AI is fundamentally transforming the US economy.
(@TheKobeissiLetter)