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Transcripts for BBCNEWS World Business Report 20240604 05:32:00

away from london and heading to new york. they are far from alone. plumbing giant ferguson left the ftse 100 last year and moved to wall street, and gambling group flutter also says it s considering doing the same. the size of the london stock market has been shrinking in recent years. at its peak in 2007 the value of shares listed in london was $4.3 trillion, has fallen to $3 trillion as of this year. and that means london is no longer europe s largest stock market, it lost that title to paris last year. in february the boss of the lloyds of london insurance market expressed his concerns about the city s status to our business editor simonjack. i think we had huge credibility around stability and certainty and i think what we need to do through 23 and 2a is begin to rebuild that stability and that sense of the financial services and the uk as a financial

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