‘No quick fix’ to London Stock Exchange listing woes - lord mayor
Michael Mainelli blamed the rising cost of raising capital globally
There will be no "quick fix" to the challenges facing the UK capital’s ailing stock market, the lord mayor of the City of London has said.
Michael Mainelli insisted that the London Stock Exchange's lacklustre run of high-profile exits and a dearth of new listings was symptomatic of the rising cost of raising capital globally.
He also appeared to raise doubts about whether domestic reforms, in London or elsewhere, would be enough to revive struggling ...
