UK gov makes fresh grab at Arm to list IPO in London The UK government is reported to be trying once again to have the London Stock Exchange play a part in the public offering of chip design company Arm, following delays to the process that are likely to see it go public later this year. According to the Financial Times, the latest Prime Minister Rishi Sunak hosted Arm chief …
@AC
"Well, there's this. But it's the BBC, so may be from the wrong universe."
Unfortunately its the right universe but perversely only part of the records and more doomsday porn than reality. Have a look- https://www.theglobalcity.uk/resources/has-paris-overtaken-london-as-europe-largest-stock-exchange
Selectively compared one bit of the French market to one part of the UK market to get the answer they wanted, rather than the correct answer which is that City of London remains significantly larger and more important than Paris (at least in this universe that we all inhabit).
Which tells us more about the honesty/competence of the person that wrote the article for the BBC than it does about the relative positions of City of London and Paris.
(And didn't we used to have a 'Paris' icon?)
@Dabooka
"Really well /sarcasm
FTFY"
You fixed nothing. You broke it. You took a correct statement and made it incorrect. For the metric the AC was using see the conversation above where they were misinformed by partial data.
For my amusement do you want to explain in which way you are wrong?
So at the time of reading there are 21 downvotes. Lets assume one is from the AC who posted an understandable response as to why they disagreed which came from a historically responsible source that turned out to be inaccurate and misleading.
So that leaves 20 people who downvoted but find it difficult to express their opinion. I can understand if some of them are from France and a little hurt the propaganda was incorrect. Even people in the EU who hate the brits for leaving (even out of jealousy). I wonder how many are self harm fools still sulking?
Why are you bothered about downvotes ?
Anyway, the thrust of the story is to indicate that the UK is in decline - see the following and similar :
https://edition.cnn.com/2021/02/25/investing/brexit-london-financial-services/index.html
The BBC used a data source (Bloomberg) which is in error in multiple ways, but the core message is the decline of the UK financial centre - London.
Not sure it is about jealousy leaving the EU - or self harming fools, as you have stated.
@AC
"Why are you bothered about downvotes ?"
I mist admit to curiosity. Is there an actual reason for the downvote (I know I have a couple of pet trolls that follow me around) but or is it a morbid childish desire to break the thing they want to play with but not allowed?
"The BBC used a data source (Bloomberg) which is in error in multiple ways, but the core message is the decline of the UK financial centre - London."
This has been the hope and desire in Europe for some time, but they are regularly disappointed. The CNN article was interesting but the EU considered locking London out of EU businesses and were told (by their own) in no uncertain terms the Euro would be in recession. But look at what had to happen to make that change, Europeans had to be banned from trading where they wanted to because the EU had a strop.
"Not sure it is about jealousy leaving the EU - or self harming fools, as you have stated."
It was a question not a statement. 20 downvoters seemingly unhappy that London is doing well outside the EU.
The EU does not desire to see London financial centre decline. It is protecting its own interests, as the UK has always done.
If the EU wants its finances processed by an EU country, then that is all it is, nothing to do with the UK.
Many people were aghast at their banking being offshored to other countries, and many banks brought them back onshore because of the anger.
@AC
"The EU does not desire to see London financial centre decline. It is protecting its own interests, as the UK has always done."
That stands against decades of jealousy and outright aggressive statements during brexit while trying to 'woo' the banks over with carrot and stick.
"If the EU wants its finances processed by an EU country, then that is all it is, nothing to do with the UK."
True. This came up with Euro clearing where the EU wants it to be done in the EU, although they also want it to be a global reserve currency... which means processed around the world (e.g. New York).
"Many people were aghast at their banking being offshored to other countries, and many banks brought them back onshore because of the anger."
In that case the EU wouldnt have needed to impose rules to cut off services. The understanding being that being able to use the #2 global financial centre in the world (#1 in Europe) being kinda necessary to access the best available services.
But still none of that answers the downvote question. Did you downvote? Are you the AC who did post the BBC source? If so are you one of the downvotes or is it 21 people without a contribution?
I ask out of interest as there is so much anonymity and so few answers
Not particularly. I felt you deserved a(nother) downvote for making an issue of something which is merely typical, even normal, behavior on TheReg.
Others have already explained this, but it has apparently escaped your notice: comments are not required. No text edit dialog popup happens when you click the up|down buttons. People are free to express their [dis]approval of your comments however they see fit, including without further comment.
This seems to bother you. I suggest you don't let it.
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