Fewer companies are ‘listing’, choosing to have their shares bought and sold once they’re big enough, on our stockmarkets; and some big names already there are, or are considering moving to others stock markets, mainly the US. Not having automatic access to the EU might have something to do with it, and the solution, Reconnecting with the World, if you remember, is to make it easier to float your company and raise funds here. Making it easier means not so many hoops to jump through, or ‘significantly rebalancing the burden of regulation away from companies towards investors’. In other words, the risk level of investing here heads towards that of ‘emerging markets’, as Toms, Dicks and Harrys of all persuasions are encouraged to try to make their .com fortunes. And it will end in tears for many, I’d say.
“John Lewis looks to tap into DIY investing boom with Nutmeg partnership”
M&S sold ISAs and pensions for while in the ‘90s. Richard Branson had a go. Halifax and the Pru made millionaires of quite a few estate agents when they bought them out, thinking it would be an easy way to flog mortgages and endowments. John Lewis has seen that...
