More than $2 billion a week is being stripped from the London Stock Exchange in an acquisition surge framed as a transfer of ownership rather than a market collapse.
UK-listed takeover activity has surpassed $60 billion, with Mitie Group described as the latest deal in a wave that is removing more than $2 billion a week from the London Stock Exchange. The framing suggests the City remains active but is increasingly changing hands through acquisitions rather than shrinking through business failure, underscoring persistent concerns about London’s ability to retain listed companies.