Markets
Shrinking UK stock market is in a‘doom loop,’ investment bank Peel Hunt says
The FTSE Small Cap Index has lost 10 per cent of its members and 20 per cent of its market capitalisation this year
Britain’s market for small and medium sized stocks is shrinking rapidly, challenging London’s status as a international financial center, according to a UK investment bank.
Peel Hunt said a lack of initial public offerings, along with a flurry of takeovers by overseas and private equity firms, mean there are more companies leaving the UK market than joining it.
The trend is particularly pronounced for the FTSE Small Cap Index, which the bank said had lost ...
