Metlen CEO Sees Turning Tide for London Stock Exchange

Metlen Boss Says London Stock Exchange is Bouncing Back The founder and CEO of global energy and metals company Metlen, Evangelos Mytilineos, has expressed optimism about the London Stock Exchange, stating that "the tide was turning" after a rocky period following Brexit. This comes as a welcome respite from widespread concern about the steady outflow of some big-name companies from UK markets, particularly to the US. Metlen, which employs nearly 10,000 people in 40 countries, moved its primary listing from Athens to London in August this year. The company's total value exceeds £5 billion, and its inclusion in the FTSE 100 list of the UK's most valuable listed firms was achieved in the fastest ever time. This remarkable feat highlights the attractiveness of the London Stock Exchange, despite concerns about its competitiveness. According to Mytilineos, the UK is ahead of rival financial centres as a place to list shares. He cited the high energy costs faced by European and UK customers as an obstacle, and expressed disappointment that politicians had failed to be honest about the costs of the energy transition. This sentiment underscores the challenges faced by companies operating in the energy sector, particularly in the context of the UK's post-Brexit economic landscape. The London Stock Exchange has faced significant competition from rival financial centres, including the US. Several high-profile companies have listed on US exchanges in recent years, citing concerns about the UK's regulatory environment and access to capital. However, Metlen's decision to list on the London Stock Exchange suggests that the UK market remains an attractive option for companies seeking to raise capital and access a broad investor base. Metlen's move to the London Stock Exchange has been a significant success, with the company's shares included in the FTSE 100 list just a few months after listing. This achievement is a testament to the company's strong financials and its ability to attract investors. The company's inclusion in the FTSE 100 list has also provided a boost to the London Stock Exchange, highlighting its continued competitiveness in the global financial markets. Looking ahead, the London Stock Exchange is likely to face continued competition from rival financial centres. However, Metlen's decision to list on the exchange suggests that the UK market remains an attractive option for companies seeking to raise capital and access a broad investor base. As the UK's economic landscape continues to evolve, it will be interesting to see how the London Stock Exchange adapts to changing market conditions and remains competitive in the global financial markets.