On Tuesday an outage interrupted trading on about 2,000 stocks. On Wednesday, tourism firm TUI AG said it was considering delisting in favor of Frankfurt. On Friday Flutter Entertainment Plc announced a date for its New York listing, and commodities clearer Marex Group confirmed it was also heading to the US.
For the beleaguered London Stock Exchange, which has struggled to regain its footing after Brexit set off a exodus of major companies, this has been a week when a bad situation took a turn for the worse. The outage was the third for the exchange’s parent company in as many months, while the company announcements add to the UK’s disappointment over the summer when major British tech firm Arm Holdings Plc chose a listing in New York rather than return to London.
