Introduction

This week we’re revisiting an episode from earlier this year about the London Stock Exchange’s decline. The exchange once held the top spot in global financial markets, but that’s changed completely in recent years. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market.

Clips from CBS, Thames News

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For further reading:

Britain’s ‘capitalism without capital’: the pension funds that shun risk

‘There are no domestic equity investors’: why companies are fleeing London’s stock market

Why Europe’s stock markets are failing to challenge the US

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On X, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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