U.K. stocks at record 40% discount to Wall Street will force London exodus, says Citi

Based on forward price earnings multiples the materials, food and beverage, and energy sectors trade at the biggest discount to their U.S. peers, said the banks’ European equity strategy team, led by by Beata M Manthey.Based on forward price earnings multiples the materials, food and beverage, and energy sectors trade at the biggest discount to their U.S. peers, said the banks’ European equity strategy team, led by by Beata M Manthey.

Last week, building materials giant CRH CRH said it would switch its primary listing from London to New York, while Softbank 9984 said it will also shun the U.K. market and float its chip-designer ARM on Wall Street.

'discount', lol

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