Branch2 Intelligence
Slaying of the FTSE lions: Dark clouds are gathering over the London Stock Exchange, says ALEX BRUMMER
Key takeaway
Three major FTSE companies face setbacks from dysfunctional boards and investment banks, undermining London Stock Exchange's reputation.
- Step 11st-order: Dysfunctional boards and investment bank failures at three major FTSE companies damage investor confidence in UK corporate governance.
- Step 22nd-order: Reduced appetite for UK equities leads to lower valuations and higher cost of equity capital for UK-listed firms.
- Step 33rd-order: UK SMEs face tighter financing conditions as equity capital becomes more expensive and banks tighten lending standards.
Source: This is Money
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