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Evening Standard
Evening Standard
Business
Michael Hunter

London loses Arm wrestle with New York as tech giant heads to the US in blow to the City

The failure of the London stock market to secure the multi-billion dollar re-listing of Arm Holdings left the City reeling today, from its second hammer blow in days.

Arm, once one of the FTSE 100’s biggest tech stocks, became the second major company this week to shun London in favour of New York, after Irish building products giant CRH turned its back on the UK.

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