Another FTSE 100 firm falls to private equity. Where are the new listings?

Intertek is the third FTSE 100 company to be taken out this year, as well as fund manager Schroders and Beazley, the specialist insurer. Photograph: Timon Schneider/Alamy

It would be a stretch to describe the £10bn-ish takeover of Intertek as a landmark event for the London stock market or the FTSE 100 index.

This is not an Arm Holdings moment – the purchase of that Cambridge chip designer by Japan’s SoftBank in 2016 provoked long (and continuing) agonising over the lack of whizzy tech stocks on the London market.