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1. Euronext Pan-European Exchange - $3.379 trillion market capitalization
2. London Stock Exchange London Stock Exchange - $3.272
3. German stock exchange Deutsche Borse - $1.738 trillion
History
2024: Biggest outflow of companies since 2009 crisis
In 2024, the London Stock Exchange (LSE) faced the largest outflow of companies since the 2009 crisis. In particular, 88 companies excluded or transferred the primary listing from the main LSE market, and only 18 organizations replaced them. Such data were released on December 15, 2024 by the London Stock Exchange Group.
The Financial Times newspaper reports that the number of initial LSE placements in 2024 was the lowest in 15 years. The situation is explained by the growing popularity of sites in the United States, despite the efforts of the British government, regulators and LSE aimed at increasing the attractiveness of the local market. Factors cited by companies moving their main listing to New York include a wider range of investors and the prospect of better liquidity.
It is noted that Ashtead Group, which provides various equipment for rent, announced its intention to transfer the initial listing from London to New York. Ashtead shares are included in the FTSE 100 stock index (Financial Times Stock Exchange Index), which includes the hundred largest companies in Britain. In addition, the listing from the LSE to the New York Stock Exchange (NYSE) was transferred by gambling giant Flutter and construction company CRH.
Nine companies in the FTSE 100 get more than half of their earnings from the US, according to Bank of America. The Goldman Sachs report highlights that more UK companies are considering moving their listings to the US.
 | We [Britain] cannot be taken seriously as a global leader in finance unless we have a thriving equity market, "says Charles Hall, head of research at brokerage Peel Hunt.[1] |  |
2023
Polymetal care
Polymetal has ceased listing its shares on the London Stock Exchange (LSE). The press service of the company announced this on August 29, 2023. Read more here.
Departure of "Pole"
On June 22, 2023, Polyus announced its departure from the London Exchange. Russia's largest gold miner described the move as expected "given current circumstances," including sanctions. Read more here.
Departure of "Lenta"
Lenta left the London Stock Exchange (LSE). The retailer announced this on May 4, 2023. The decision to terminate the listing of global depositary receipts (GDR) on the British site is due to the expiration of the permission of the government commission of the Russian Federation, which was received for a year in May 2022, the company explained. Read more here.
Departure of AFK Sistema
On April 13, 2023, AFK Sistema announced its departure from the London Exchange. The Company also instructed the depository bank to terminate the Global Depositary Receipts (GDR) program. Sistema plans to complete delisting on May 14, 2023, the press service of the corporation reports. Read more here.
Care of Global Ports
The largest container terminal operator in Russia, Global Ports, is leaving the London Exchange. The press service of the company announced this on February 10, 2023. Read more here.
The departure of Novatek
On February 7, 2023, Novatek announced its departure from the London Stock Exchange (LSE). The Russian company will stop listing on this site from March 8, 2023, but will remain on the Moscow Exchange. Read more here.
2022
Microsoft acquires 4% of London Stock Exchange
On December 11, 2022, Microsoft announced a long-term partnership agreement with the London Stock Exchange Group (LSEG). We are talking about the use of Microsoft cloud technologies.
Under the agreement, the LSEG data platform and other key technology infrastructure will be moved to the Microsoft Azure cloud environment. As a result of the transaction, Microsoft will receive approximately 4% of the shares of the London Stock Exchange. The agreement provides for the acquisition of securities Blackstone/Thomson Reuters.
As part of the deal, various Microsoft products will be used in different areas of LSEG. Microsoft, in particular, will transfer the exchange's data platform and other key technology infrastructure to its Azure cloud. In addition, the parties intend to develop new professional tools for collaboration. Under the terms of the contract, LSEG will use Azure Purview and Azure Synapse to create its own cloud data architecture.
The project accelerates LSEG's plans for cloud migration. LSEG customers will be able to quickly access data anywhere with access to, Internet which ensures resilience and adaptability to new challenges in terms of the current macroeconomic situation. LSEG has a contract agreement for a period of 10 years, according to which at least $2.8 billion will be spent with Microsoft on cloud products.
{{quote 'This strategic partnership is an important milestone in LSEG's journey to becoming the world's leading financial market infrastructure and data business. We believe that our partnership with Microsoft will change the way our customers find, analyze and trade securities around the world, and over time will create significant value for everyone, the partners say[2] }}
Denying Russians access to the website
The website of the London Stock Exchange (LSE) has ceased to open from Russia. When you try to download the site, the message appears: "Thank you for visiting the LSE site. Sorry, you don't have the option to access the contents of this page. " This became known on April 11, 2022.
At the same time, a section of the site with exchange documents remains available to Russians. When accessing via VPN, the LSE site works in full. The LSE press service for April 11, 2022, did not respond to the request. British financial The website of the regulator (Financial Conduct Authority, FCA), on which the reporting of companies listed on the LSE is posted, continues to be available from Russia. In early March 2022, the LSE group of companies (LSEG) announced the termination of the provision of news services to customers from Russia. This was due to the adoption in Russia of the law "On Fakes." As part of the relevant subscriptions, LSE distributed messages from Thomson Reuters, which is a minority co-owner of the site. A little later, LSEG announced the termination of the provision of any services for customers from Russia. However, access to the website from Russia until April 11, 2022 continued to[3].
2021: In eighth place among the largest exchanges in the world in terms of capitalization of quoted securities
2020: Euronext buys Milan exchange from LSE for €4.3 billion
On October 9, 2020, Euronext announced the purchase of the Milan Stock Exchange (Borsa Italiana) from the LSE Group. The transaction amount is about €4.3 billion. Read more here.
Notes
- ↑ London Stock Exchange suffers biggest exodus since financial crisis
- ↑ [1]Microsoft buys near 4% stake in London Stock Exchange as part of 10-year cloud deal
- ↑ the London Stock Exchange (LSE) stopped opening from Russia
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