Equity market cheers London listing review

By Sam Kerr
03 Mar 2021

Equity capital market participants cheered the publication on Wednesday of former EU commissioner Jonathan Hill's review of London listing rules. The report, written on behalf of the UK Treasury, recommended sweeping changes in order to attract more companies to the London Stock Exchange. On Thursday, Deliveroo, the food delivery company, announced it would be listing in London.

Among a number of reforms, Hill’s review recommended that the government modernise listing rules to allow dual-class share structures on the London Stock Exchange’s (LSE) Premium Segment.

This would give company founders enhanced voting rights on certain decisions, such as takeovers. The structure has long been unpopular with ...

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