Stock Market

London stock market primed for an upturn, says broker after months of doom mongering

The stock market is set for a pick up later this year after months of doom mongering about the exchange.

Investment bank Peel Hunt said yesterday it was expecting there to be an ‘increasing number’ of London market debuts by the second half of 2023. The broker added that it had ‘further confidence’ of an even bigger revival in the first half of 2025.

London is battling for blockbuster listings, including Chinese fast fashion giant Shein and Unilever’s ice cream spin-off business. 

Peel Hunt has a ‘speedometer’, which gives a score to the health of the UK’s flotation market of between zero and 60 miles per hour. 

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In its latest scoring, the City was upgraded to 27 miles per hour from 24 miles per hour in April. 

In a note, the broker explained: ‘What has so far been a European-led float recovery has started to spread to the UK.’

It is another vote of confidence in the City after London Stock Exchange boss Julia Hoggart told the Mail on Sunday that the bourse was fighting for every single possible listing.

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