London’s stock market is ready for a recovery, says broker after months of ominous turmoil
Upbeat: Peel Hunt said it expected there would be an ‘increasing number’ of market debuts in London in the second half of 2023
The stock market is expected to rebound later this year, after months of ominous rumors about the stock market.
Investment bank Peel Hunt said yesterday it expected to see an “increasing number” of market debuts in London in the second half of 2023. The broker added that it was “further confident” of an even bigger rebound in the first half of 2025.
London is vying for blockbuster listings, including Chinese fast-fashion giant Shein and Unilever’s ice cream spin-off.
Peel Hunt has a ‘speedometer’, which rates the health of the UK flotation market between zero and 60 miles per hour.
In the latest score, the city was upgraded from 24 miles per hour in April to 27 miles per hour.
In a note, the broker explained: ‘What has so far been a European-led recovery of the rafts is beginning to spread to Britain.’
It is another vote of confidence in the City after London Stock Exchange boss Julia Hoggart told the Mail on Sunday that the exchange was fighting for every possible listing.