UK investors Aviva, M&G join calls to revive London’s financial appeal | – #investors #Aviva #join #calls #revive #Londons #financial #appeal
LONDON, March 9 (Reuters) – Investors Aviva ( AV.L ) and M&G ( MNG.L ) on Thursday joined calls for Britain to push ahead with financial reforms and provide more support to high-growth sectors such as technology companies to keep London markets afloat. competitive.
Softbank-owned (9984.T) chip designer Arm USAAfter saying an IPO was the best option in , and materials giant CRH ( CRH.L ) deciding to float its shares, financial executives warned that Britain its capital risks losing its attractiveness for stock exchange listings. Initial market listing across the Atlantic.
“What we really want to do is create the right environment so that companies like Aviva can survive and thrive,” Aviva CEO Amanda Blanc told reporters after announcing the results.
Blanc said the planned reforms to capital rules for insurers, known as Solvency II, are an important step and will allow the group to invest in infrastructure over the next decade. billion pound sterling (30 billion dollars) said will unlock additional capital.
Latest UpdatesINSIGHT Britain’s early retirees resist calls to work despite higher cost of living, article by galleryGalleryUnited KingdomcategoryUK lacks strategy to meet decarbonised energy target, advisers say, picture article
See 2 more stories
The chairman of the Financial Conduct Authority regulator said on Wednesday that Arm’s decision to list only in New York showed that a “comprehensive effort” was needed to prevent Britain from losing its share of global companies’ stock market listings.
Andrea Rossi, chief executive of asset manager and insurer M&G, said: Britain It should better support new companies to attract them to the London stock market.
Rossi told Reuters: “What’s important is having the growth capital to support these early-stage businesses going to a potential IPO — and it’s not just the Big Britain not something related to, but also in Europe in general”.
“In general, it’s the American players — obviously, they’re the ones providing the growth capital (and) probably later on those firms USAwill bring to “, said Rossi after the company’s earnings.
While Rossi is “bullish” about England’s prospects, after a messy finish to 2022, the country’s regulatory and political he said he needed stability.
Britain’s finance ministry said on Wednesday it would launch a review into how investor due diligence on companies could be improved to attract more listings.
(1 dollars = £0.8408)
Reporting by Iain Withers in London and Sinchita Mitra in Bengaluru Editing by Alexander Smith
Our standards: Thomson Reuters Trust Principles.
2023-03-09 16:34:45
Source – reuters
Translation“24 HOURS”