An Ominous Trend for the Future of the City
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 9 March 2023
⏱️ 35 minutes
🧾️ Download transcript
Summary
London is going through a difficult time, according to Stanhope Capital founder and Chief Executive Officer Daniel Pinto.
Why? Its investment appeal is dwindling—a fact made clear by a range of companies choosing to list elsewhere. The trend has been developing for some time, and bodes ill for already-flagging UK initial public offerings, says Pinto. While noting that London remains a leading financial center, he warns it has lost its competitive edge.
In this week’s episode of In the City, Pinto tells hosts David Merritt and Francine Lacqua why he thinks London has been losing out. Brexit wasn’t helpful he concedes, but that’s not the only reason. The key factor is that the pool of money available for investment in British public markets has shrunk. That can be fixed with changes to regulations and pension fund reform, he says.
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Transcript
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| 1:21.3 | Bloomberg's podcast connecting you to the stories and the voices at the heart of the city of London. |
| 1:26.4 | This week a conversation with Daniel Pinto, founder and chief executive of Stanhope Capital. Now, Dave, you know, you go to dinner, |
| 1:28.5 | you never know how that dinner's going to go. You either sit next to someone a bit boring and you kind of, you know, try and run the clock down, or you really luck out, and I sat next to Dan Pinto. Wow. Well, there you go. That's a, I mean, why wasn't I invited? I know, next time. There has to be a French connection, but we'll make it honorary French, Mr. Merritt. |
| 1:47.5 | Dan, thank you so much. I wasn't I invited. I know next time. There has to be a French connection, |
| 1:46.9 | but we'll make it honorary French, Mr. Merritt. |
| 1:48.3 | Dan, thank you so much. |
... |
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