The multinational bookstore chain Waterstones and Gymshark, the athleisure model, had been among the many corporations which met Rachel Reeves on Monday as she targets a sustained revival of London’s listings market.
Digital banks Oaknorth and Starling; CFC Underwriting; David Lloyd Leisure; and wealth administration agency True Potential had been additionally represented on the assembly.
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Within the invitation, the Treasury mentioned the difficulty of London’s attract as a list venue was “a high priority for the government”.
“Ministers are keen to hear your views on the attractiveness of the UK as a listing destination for firms… and on the extensive package of reforms the government has undertaken to boost the competitiveness of UK capital markets.”
It was not instantly clear whether or not the assembly was utilized by the chancellor to handle questions on a potential stamp obligation exemption for newly listed shares, which the Monetary Occasions reported final week was into consideration by Treasury officers.
The matter was raised through the dialogue, in response to one particular person briefed on the talks.
London has slipped behind quite a few rival monetary centres when it comes to the proceeds raised from IPOs, whereas the choice of main corporations together with AstraZeneca to improve their US listings has forged additional doubt on the Metropolis’s relative enchantment.
A supply mentioned the creation of a Listings Taskforce, introduced within the chancellor’s Mansion Home speech earlier this yr, would develop the UK’s “already-compelling pitch for listing in London”.
