There has been much soul-searching and agonising during recent years over the valuation of the UK stock market - intertwined with a debate over London's ability to attract world-class businesses to list here. Even though the FTSE-100 has hit several record highs so far in 2024, the UK's premier stock index is still trading at a significant discount to its global peers.
' Not the first outburst It is not the first time Mr Weimer, who is renowned for his plain speaking, has bemoaned the lowly rating on Germany's stock market. He has drawn attention several times in the past to the risk of European stocks moving their main listing to the US - something that has also alarmed City figures following the decision of companies like Ferguson, CRH and Flutter Entertainment to move their primary stock market listing from London to New York.