The London stock market risks drifting into irrelevance without government and regulatory reforms, according to the Confederation of British Industry (CBI). Tax breaks for stock market listings and looser bonus rules for directors are among 20 recommendations aimed at ensuring the success of the London Stock Exchange.
"Wise announced it plans to shift its primary stock listing to the NASDAQ, underscoring tectonic shifts in the global listings landscape."
Shein is abandoning its efforts to list on the London Stock Exchange due to regulatory challenges and will instead pursue a listing on the Hong Kong Stock Exchange.