LSE draws up ‘worst case scenario’ US listing flight risk

cityam06-28 18:58

Twenty FTSE 100 companies are at risk of moving direct listings to New York. As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a £2bn gap in the Treasury’s earnings...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2646138312?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2025/12/London-Stock-Exchange-1.jpg?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-06-28 18:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646138312","market":"nz","top_or_hot":-1,"title":"LSE draws up ‘worst case scenario’ US listing flight risk","media":"cityam","content":"<div>\n<p>Twenty FTSE 100 companies are at risk of moving direct listings to New York. As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a £2bn gap in the Treasury’s earnings...</p>\n\n<a href=\"https://www.cityam.com/lse-draws-up-worst-case-scenario-us-listing-flight-risk/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LSE draws up ‘worst case scenario’ US listing flight risk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLSE draws up ‘worst case scenario’ US listing flight risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-28 18:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/lse-draws-up-worst-case-scenario-us-listing-flight-risk/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Twenty FTSE 100 companies are at risk of moving direct listings to New York. As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a £2bn gap in the Treasury’s earnings...</p>\n\n<a href=\"https://www.cityam.com/lse-draws-up-worst-case-scenario-us-listing-flight-risk/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LSE","symbol_name":"Leishen Energy Holding Co., Ltd.","start_time":0,"source_url":"https://www.cityam.com/lse-draws-up-worst-case-scenario-us-listing-flight-risk/","article_id":"2646138312","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/London-Stock-Exchange-1.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/lse-draws-up-worst-case-scenario-us-listing-flight-risk/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646138312","pubTimestamp":1782644283,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Twenty FTSE 100 companies are at risk of moving direct listings to New York. As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a 2bn gap in the Treasury’s earnings from stamp duty on share trades.This includes blue-chip companies HSBC, London Stock Exchange’s largest firm, telecoms companies BT and Vodafone, and drinks giant Diageo which owns a global portfolio of well known alcohol brands such as Guinness and Johnnie Walker.This is a fallout of the implications of US pharmaceutical giant announcing it was taking a direct US listing of ordinary shares on the New York Stock Exchange in September last year in a bid to give it “the flexibility to access the broadest possible available pool of capital.”The direct listing replaced its existing Nasdaq listing of American Depositary Receipts , a type of listing for trading overseas shares, which became effective in February this year.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LSE":"Leishen Energy Holding Co., Ltd.","BK4179":"石油天然气设备与服务"},"translate_title":"伦敦证券交易所制定“最坏情况”美国上市逃亡风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LSE":1.5},"content_text":"Twenty FTSE 100 companies are at risk of moving direct listings to New York. As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a £2bn gap in the Treasury’s earnings from stamp duty on share trades. This includes blue-chip companies HSBC, London Stock Exchange’s largest firm, telecoms companies BT and Vodafone, and drinks giant Diageo which owns a global portfolio of well known alcohol brands such as Guinness and Johnnie Walker. This is a fallout of the implications of US pharmaceutical giant announcing it was taking a direct US listing of ordinary shares on the New York Stock Exchange in September last year in a bid to give it “the flexibility to access the broadest possible available pool of capital.”The direct listing replaced its existing Nasdaq listing of American Depositary Receipts (ADRs), a type of listing for trading overseas shares, which became effective in February this year. \n\nThis is the worst case scenario of the implications caused by the Cambridge-based pharmaceutical giant’s move to hoist trading of its shares in New York, according to analysis from the LSE, seen by The Sunday Times. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAstraZeneca, which is currently valued at approximately £200bn, raised concern over its plans which it said were aimed at “upgrading” its US listing, and  “harmonise” the trading of its shares between New York, Stockholm and London, which in turn downgraded the City’s role as the main trading venue for its shares.The firm remains a FTSE 100 member but its share trading in London is no longer liable for stamp duty, which is estimated to have cost the Treasury £200m, and fears remain the firm’s direct listing move will see it permanently move to the US. Other blue-chip firms in the LSE’s analysis which raise the same risk as AstraZeneca’s over their ADRs are oil giants BP and Shell and publishers Pearson and Relx.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646138312","isCrawlerRequest":true}