Biggest owner of UK stocks warns LSE against weaker listing rules [Reuters]
Unilever PLC (UL)
US:NYSE Investor Relations:
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Source: Reuters
governance standards to help attract fresh business, a letter to its chair seen by Reuters showed. Britain's Local Authority Pension Fund Forum (LAPFF), which represents 350 billion pounds ($441.74 billion) of UK local authority pensions, said it was "very concerned" about the efforts of an industry task force led by London Stock Exchange plc CEO Julia Hoggett. That group, the Capital Markets Industry Taskforce (CMIT), opposed efforts to strengthen the UK's , with many of the reforms ultimately ditched in January as the government focuses on making the UK more competitive. The group has also lobbied to allow companies to raise CEO pay to attract global talent to Britain. David Schwimmer, CEO of London Stock Exchange plc's parent LSEG, is in line for a of his salary compared with 2023. The Financial Conduct Authority is due to finalise a of listing rules in coming weeks. "The main message coming from the CMIT is that the UK has been losing listings, primarily to the USA, beca
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