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A torrent of departures that threatens the City

Evening Standard

|

March 05, 2024

PLEASED as I am for the lucky investors who followed my January share tip, the agreed £1 billion takeover bid for Spirent Communications marks another dismal day for the City.

- Jonathan Prynn

A torrent of departures that threatens the City

For how much longer can the top brass of the London Stock Exchange, led by CEO David Schwimmer, and the Treasury led by Jeremy Hunt look on while the stream of companies quitting London become a torrent?

Spirent, which older readers will remember as Bowthorpe, has been quoted in London for almost 70 years, and is a serious global player in a vital fast-growth sector, 5G communications, with a headquarters in Crawley.

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