US-based insurance broker Marsh McLennan has said it intends to delist from the London Stock Exchange, raising more questions about the attractiveness of the City for companies.
Marsh McLennan cited costs and the administrative burden as reasons why it planned to delist, saying these were not proportionate to the advantages to be gained by remaining on the exchange, the Times reported. The company's primary listing is on the New York Stock Exchange, where it is valued at around $92bn, said the majority of the trading in its shares is done. Stock Spotlight: American Express charges ahead despite economic uncertainties The company's shares will be formally removed from the UK market on 27 November at 8am, with the last day of trading shares on the London Sto...
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