Major UK Companies Eye NYSE Move, Threatening London's Financial Hub Status
A wave of major UK companies, including AstraZeneca, Shell, and BP, are contemplating a significant shift. They are evaluating the prospect of relocating their primary stock market listings from the London Stock Exchange to the New York Stock Exchange. This potential exodus, valued at over £620 billion, has sparked concerns about the impact on London's standing as a global financial hub.
CRH, Flutter, Indivior, and Ferguson have already made the transition, with Ashtead and Wise in the process of doing the same. Miners Glencore and Anglo American, worth a combined £73 billion, have ruled out moving, but a mass exodus could potentially change their minds. AstraZeneca's recent announcement of a full listing in New York alongside London has fueled fears that this could become a lasting trend.
As of October 2025, there is no public information suggesting that other major companies like Experian, Equifax, and TransUnion are planning similar moves. However, the uncertainty surrounding the potential departure of these blue-chip firms has sent tremors through the stock market.
The potential exodus of these companies could have a substantial impact on the London stock market's reputation. While some companies have already made the switch, others are still weighing their options. The situation remains dynamic, and the market awaits further developments with keen interest.
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