- FCA proposals would scrap premium listing
- Nasdaq boss actively courting UK companies
The UK's financial watchdog is moving ahead with a plan to loosen listing rules to encourage more companies to join the London Stock Exchange. The Financial Conduct Authority (FCA) said the planned shake-up "could entail an increased possibility of failures" but "would better reflect the risk appetite the economy needs to achieve growth".
Companies have shunned London for new listings in the past two years. London was just 18th on a ranking of exchanges by cash raised this year, behind other European exchanges and even the Muscat exchange.