Two thirds of UK CEOs say the value of a London stockmarket listing has increased in the past 12 months

• Annual Teneo CEO survey finds leaders are more upbeat on London Stock Exchange.
• 56% of UK CEOs say they have discussed moving listing to a different venue.

December 17, 2024 – London, UK – The perceived value of being listed in the UK has increased in the past 12 months for 68% of UK CEOs, according to the latest annual CEO survey.

And 78% of CEOs surveyed expect the value derived through being listed in London will pick up again in the next 12 months.

The survey findings represent a sharp turnaround on last year’s findings, when only 5% of respondents thought the value of a UK listing had improved. And 81% of respondents said the value of being a London-listed company had deteriorated year on year.

The improved perception of a London Stock Exchange listing comes after a series of initiatives outlined by both the previous Conservative government and the recently-elected Labour government, with a view to reinvigorating the equity investment culture among both institutional and retail investors.

It also follows a vigorous public debate that has taken place over the past year through forums such as the reports published by the Capital Markets Industry Taskforce.

Nonetheless, the survey found that the question of moving a listing from London to a different exchange is one that has been debated actively in British boardrooms. Some 56% of CEOs polled say that their board has had a discussion about moving their listing to a different exchange. This figure has more than doubled year on year, from 27% in 2023.

Andrew Feldman, CEO, Teneo’s UK Strategy and Communications business: "London remains one of the world’s great capital markets and is home to some of the world’s great companies. It’s clear that the debate that has been taking place over the health of the London market has sparked some vigorous discussion. The series of reforms that have been introduced address some of the key concerns. For businesses with a high proportion of revenues in the U.S. and sufficient scale, the appeal of deeper, more liquid American exchanges remains. Nevertheless, the data shows that the appeal of London has improved.”

Teneo’s Vision 2025 CEO and Investor Outlook Survey was conducted by the firm’s in-house data, insights and analytics team. The UK findings of the survey are based on the views of more than 67 UK-based public company CEOs and 43 institutional investors. The full survey includes the views of more than 300 global public company CEOs and 380 institutional investors representing approximately $10 trillion USD of company and portfolio value. The CEOs surveyed represent a global distribution of publicly traded companies with a minimum annual revenue of $1 billion USD or greater. Investors surveyed include a global sampling of professional investors in investment banking, institutional investing, venture investing, asset management, private equity and hedge funds. Research was conducted between November 11 and December 3, 2024.

For more information and to download full survey results, visit teneo.com/Vision2025.

About Teneo 

Teneo is the global CEO advisory firm. We partner with our clients globally to do great things for a better future. 

Drawing upon our global team and expansive network of senior advisors, we provide advisory services across our five business segments on a stand-alone or fully integrated basis to help our clients solve complex business challenges. Our clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions and organizations. 

Our full range of advisory services includes strategic communications, investor relations, financial transactions and restructuring, management consulting, physical and cyber risk, organizational design, board and executive search, geopolitics and government affairs, corporate governance, ESG and DE&I. 

The firm has more than 1,600 employees located in 40+ offices around the world. 

For more information about Teneo, please visit teneo.com. 

Contact

London

Iain Dey
iain.dey@teneo.com
O: +44 20 7096 3180
M: +44 7976 295906

New York

Stephen Meahl
stephen.meahl@teneo.com
+1 (212) 886-1624