FTSE 100 property group Segro is to move its primary listing from London to mainland Europe, in the latest blow to the prestige of the UK stock market.
Segro's decision
The warehouse and industrial landlord said it would seek a premium listing on Euronext Paris or Euronext Amsterdam, while retaining a secondary listing in London. The company, which owns logistics warehouses used by Amazon and other retailers, is worth about £12bn.
Impact on London
Segro's departure is a significant loss for the London Stock Exchange, which has already seen a number of companies move listings abroad or choose other venues for initial public offerings. The move underscores concerns about London's competitiveness post-Brexit and the appeal of European markets.
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