The first tentative signs of the impact of the Omicron variant on the economy are starting to emerge. London lagIt is fair to say the listing rules for companies wanting to trade on the London stock market rarely get pulses racing. The penny seems to have dropped that the London stock market is not the first port of call for fast-growing tech companies, which, if they list in Europe at all, increasingly favour Amsterdam. New York is where the real action is, with daily trading in Tesla on Wall Street worth more than three times the trades of the entire London Stock Exchange. If Marshall is right, and trading volumes suggest he is, it will take more than changes to listing rules to restore London’s mojo.

Source: The Guardian December 03, 2021 02:50 UTC