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London Stock Exchange Group plc (LDNXF)
- The Telegraph
Snoop Dogg-backed cannabis biotech startup to quit ‘turbulent’ London stock market
A British biotech start-up backed by Snoop Dogg has unveiled plans to ditch the “turbulent” London stock market, dealing a fresh blow to the beleaguered exchange.
- The Telegraph
Relaxing listing rules won’t fix City, warn British investment giants
Pension funds worth £350bn have warned that relaxing rules around company listings will not fix the City’s beleaguered stock market.
- Reuters
Biggest owner of UK stocks warns LSE against weaker listing rules
The biggest collective owners of UK shares have warned the London Stock Exchange against weakening its listing rules and governance standards to help attract fresh business, a letter to its chair seen by Reuters showed. Britain's Local Authority Pension Fund Forum (LAPFF), which represents 350 billion pounds ($441.74 billion) of UK local authority pensions, said it was "very concerned" about the efforts of an industry task force led by London Stock Exchange plc CEO Julia Hoggett. That group, the Capital Markets Industry Taskforce (CMIT), opposed efforts to strengthen the UK's corporate governance code, with many of the reforms ultimately ditched in January as the government focuses on making the UK more competitive.
