Just Eat annonced it will delisting from London Stock Exchange to cut costs 🚨 Thanks Joanna Partridge and The Guardian for speaking to our CEO, Claire Trachet, about the implications of Just Eat's decision and what it means for the London Stock Exchange. Disappointingly, Just Eat's delisting is part of a broader trend, one that has been ongoing over the past decade - most concerning was their reference to the LSE's liquidity and volume concerns, as Claire said in the article: “𝘛𝘩𝘦 𝘣𝘪𝘨𝘨𝘦𝘴𝘵 𝘤𝘰𝘯𝘤𝘦𝘳𝘯 𝘭𝘪𝘦𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵𝘴 𝘢𝘣𝘰𝘶𝘵 𝘭𝘪𝘲𝘶𝘪𝘥𝘪𝘵𝘺 𝘢𝘯𝘥 𝘷𝘰𝘭𝘶𝘮𝘦, 𝘦𝘴𝘱𝘦𝘤𝘪𝘢𝘭𝘭𝘺 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 15-20 𝘺𝘦𝘢𝘳𝘴 𝘢𝘨𝘰, 𝘓𝘰𝘯𝘥𝘰𝘯 𝘸𝘢𝘴 𝘵𝘩𝘦 𝘭𝘦𝘢𝘥𝘪𝘯𝘨 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘣𝘰𝘵𝘩, "𝘍𝘰𝘳 𝘑𝘶𝘴𝘵 𝘌𝘢𝘵, 𝘶𝘭𝘵𝘪𝘮𝘢𝘵𝘦𝘭𝘺 𝘪𝘵 𝘴𝘦𝘦𝘮𝘴 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘤𝘰𝘴𝘵 𝘰𝘧 𝘥𝘶𝘢𝘭 𝘭𝘪𝘴𝘵𝘪𝘯𝘨 𝘰𝘯 𝘵𝘩𝘦 𝘓𝘚𝘌 𝘩𝘢𝘴 𝘯𝘰𝘵 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘦𝘥 𝘵𝘩𝘦 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘳𝘦𝘸𝘢𝘳𝘥𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦𝘳𝘦𝘧𝘰𝘳𝘦 𝘥𝘪𝘥𝘯’𝘵 𝘮𝘦𝘳𝘪𝘵 𝘵𝘩𝘦 𝘢𝘥𝘥𝘦𝘥 𝘤𝘰𝘴𝘵.” Although in this case Just Eat opted for another European capital market - Euronext - the bigger picture for both the UK and Europe signals a clear issue of losing promising companies to US shores. The reality is that no European-based alternative to NASDAQ can be built within the next 20 years if not done as a team - highlighting an urgent need for European powerhouses to team up and create a unified, compelling alternative to Nasdaq. Such an initiative could not only keep companies within Europe but also become so attractive that Nasdaq-listed companies might consider dual-listing in Europe. Read the full article here 👉: https://lnkd.in/eFPAmFkx #JustEat #LondonStockExchange #Delisting #Euronext #Nasdaq #EuropeanMarkets #CapitalMarkets #LiquidityConcerns #Investment #DualListing #StartupEcosystem
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The food delivery company Just Eat Takeaway is to delist from the London Stock Exchange to cut costs, in a further blow to the UK’s international financial standing. Just Eat will now only be listed on the Amsterdam stock market, where the company is headquartered. The company said the London delisting resulted from restarting a review into where its shares should be listed. https://dy.si/VVU3M
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