Online betting giant Flutter this week took the first step to switch its main listing from London to New York, in a fresh post-Brexit blow to the City finance district.
What's behind the FTSE exodus: Why Britain's public market woes aren't all Brexit's fault - and there's no 'silver bullet' to fix it
03/05/2023
UK capital markets have been described as a ‘backwater’ in the years since the 2016 Brexit referendum, with foreign investors averse to the extra risks and headwinds - and potential lack of reward - on offer in the wake of the country’s departure from the trading bloc.
The boss of Europe’s largest exchange group took a swipe at the UK capital, saying Brexit means it is no longer Europe’s dominant financial center.
LONDON has lost its crown as Europe’s largest stock market to Paris, with France closing a trillion-dollar market gap since the 2016 Brexit vote.
Hong Kong stocks plummeted on Friday as the UK voted to leave the European Union.