Crisis time: The London Stock Exchange’s 100 billion exodus [Video]

Companies worth about £100 billion are on the way out of the London Stock Exchange so far this year, either by being bought up or via moving the main home for their shares overseas, and experts fear there is much more to come.

Research by the Evening Standard and investment bank Peel Hunt shows that companies worth over £26 billion have already agreed to be sold in 2024, to other listed firms or private equity. 

That comes alongside a combined value of £38 billion for firms shifting their main listing abroad. And Anglo American today rejected the biggest takeover offer so far, saying BHP’s £31 billion bid “undervalued” the firm and was “opportunistic”. 

Including the current headline figure from that deal takes the total in market capital involved in the exodus to £95billion. 

Cityexperts are on watch for an increased bid from BHP. Another multi-billion deal struck was today, for …