London’s status as Europe’s largest stock market has been snatched by Paris, as a raft of takeovers and political uncertainty weigh on the UK. The market value of companies with a primary listing in London is now $2.821 trillion, or £2.405 trillion. The value of UK-listed companies has shrunk as companies have been taken off the stock market. A Schroders spokesman said: ‘Too few companies have sought to join the UK stock market, to replace the ones departing. And France’s largest listed companies are all luxury goods businesses – Louis Vuitton owner LVMH (led by Bernard Arnault), Lancome parent L’Oreal, and Hermes.

Source: Daily Mail November 15, 2022 04:15 UTC