Brexit a big factor in companies snubbing London for New York, says senior economist
Brexit has been a “big contributing factor” in companies snubbing the City of London and listing in New York, a senior economist said on Monday.
Simon French, Head of Research at Panmure Gordon, said UK stock market valuations had slumped since the 2016 vote to leave the EU.
His comments come as betting giant Flutter Entertainment, which owns bookmaker Paddy Power, is reported to be consulting shareholders over a listing on the New York Stock Exchange.
Author: David Bond, Deputy Political Editor, Evening Standard
Managing Director, Head of Research