The London Stock Exchange is shrinking – but Julia Hoggett is still an optimist
The London Stock Exchange’s two flagship indexes are trading near all-time highs. But beneath the surface, it has been another testing year for the capital’s bourse. Boss Dame Julia Hoggett tells Ali Lyon what she is doing to disprove the doomsters. In the cavernous foyer of London’s historic stock exchange, a giant cube is flashing [...]
The London Stock Exchange (LSE) has been experiencing a challenging year, with more than 30 companies leaving or planning to leave its main market. The two flagship indexes, FTSE 100 and FTSE 250, are trading near record highs, but the outgoing companies are being snapped up by foreign rivals or investors. Notable departures include financial giant Schroders, acquired by US company Nuveen, and insurance company Beazley, which is moving to Switzerland.
Companies are choosing to leave for various reasons, including wanting to go private for longer or seeking greater control after going public. Despite the outflows, the LSE's boss, Dame Julia Hoggett, remains optimistic about the exchange's future. Hoggett emphasizes the LSE's global standing in creating and scaling companies and its high volume of institutional capital.
She also points out that the LSE is preparing for a pipeline of companies ready to list, which has not been seen in 20 years.
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