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The Guardian - UK
The Guardian - UK
Business
Nils Pratley

The UK stock market isn’t working

A worker shelters from the rain with a union flag umbrella as he passes the London Stock Exchange in London
Overseas corporate buyers are stepping in to take advantage of the depressed valuations of UK equities. Photograph: Toby Melville/Reuters

Get ready to see more flotations later this year, said David Schwimmer, chief executive of the London Stock Exchange Group on Thursday. Good: it would mark a change from the droughts of 2022 and 2023 that have caused much agonising over the health of the London stock market.

But, actually, the deep problem here may not be a shortage of newcomers. Rather, it could be indifference, or so it seems, towards sub-£1bn UK companies that have been around for years.

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