Barclays urged to give UK companies tax breaks to revive trading on LSE


09/17/2024

According to a report by Barclays, the UK government ought to offer tax incentives to firms looking to move their listing from "junior" markets like the Alternative Investment Market (AIM) to the main floor of the London Stock Exchange (LSE).



GroupEditor
The bank's analysts believe this will assist in rejuvenating trading on the struggling LSE.

Recently, the London Stock Exchange has faced challenges from well-known companies choosing other trading platforms over listing on it, and a decrease in initial public offerings. In July, the UK's Financial Conduct Authority (FCA) updated the regulations for UK stock exchanges to enhance the appeal of the LSE for companies looking to go public.

Experts suggest that it is more typical for businesses to transition from "junior" markets to mainstream markets in Japan and Sweden. On the contrary, only a small number of companies in the UK utilize AIM and the Aquis Growth Market as a stepping stone to the primary LSE.

source: ft.com