I wrote recently about the dismal performance of the London Stock exchange, and this morning following a story about AstraZeneca on the radio I looked at the membership of the FTSE 100. Not the most impressive list of corporate giants is a polite way of putting it and the smaller the pond gets the more difficult it will be to keep the few giants left from going elsewhere. Somewhere were the market is bigger, the funds available far larger, the share values higher and the management pay much higher.
Nils Pratley in The Guardian is also quite vocal and forceful on this - and well worth reading