The Intelligence from The Economist Ticker shock: London’s wheezing stockmarket
Oct 6, 2021
Josh Roberts, Finance correspondent for The Economist, sheds light on London's struggling stock market and its traditional trading methods, revealing why innovation is crucial for revitalization. He discusses the rising trend of compulsory military service across Europe due to geopolitical tensions. The conversation also touches on the booming digital nomad lifestyle, particularly in Europe, along with the challenges of visas and its impact on local communities, all showcasing a shifting landscape in both finance and work culture.
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LME's Open Outcry Trading
- The London Metal Exchange uses an unusual method for trading.
- Dealers shout prices in a red leather circle, a practice maintained despite modernization elsewhere.
London Stock Exchange Underperforms
- London's stock market, once vibrant, is now underperforming.
- It lacks exciting, modern companies, especially in tech, compared to global competitors.
The Vicious Cycle
- The lack of exciting companies listing in London creates a vicious cycle.
- Companies seek markets that value them highly, further diminishing London's appeal.