The UK remains a highly attractive proposition for companies looking to enter the public markets, or raise equity capital, according to FTSE leaders at UK-listed companies in a new report from Numis, a leading UK focused investment bank (LON:NUM).
The report provides a counterbalance to the prevailing narrative that London is at risk of losing its position as one of the world’s pre-eminent capital markets destinations.
The report, which includes the views of 150 FTSE leaders within UK-listed companies, conducted in May 2023, reveals an overarching view held by UK PLC that the London Stock Exchange’s competitiveness as a capital markets hub versus rival exchanges is improving, with 90% of FTSE leaders expecting either a dramatic (41%) or slight (49%) uptick in market competitiveness in the next three years.
The report comes at a time when policymakers are taking bold steps to improve the long-term competitiveness of UK markets, with the Mansion House Reforms the latest such development.
Whilst sentiment amongst FTSE leaders is widely positive, they have collectively highlighted several areas where more work needs to be done.