Introducing the RAO Global Insights LinkedIn Newsletter

Welcome to your first RAO Global missive delivered direct to you on LinkedIn.

It's my intention that you enjoy and use these concise daily updates to equip you with the knowledge around mood, and momentum of market makers globally.

So let's start with the first!

Hunt: London’s Stock Market Can Rise Above Nasdaq

With the recent announcement that Gus Wiseman, Deputy Director of the UK’s DIT, whose remit is to place the City at the heart of the global financial community, it’s interesting to hear Chancellor Jeremy Hunt’s own effort to boost the appeal of the City amidst a drop in public listings, Jeremy Hunt, the Chancellor, stated today that London’s stock market "can actually do better than Nasdaq" in certain areas.

Speaking at the Conservative Party conference in Manchester, Hunt expressed his vision for the future of the London stock market, highlighting its potential to become the European technology hub where high-growth businesses go to raise funds from around the world.

“I think there are things that we can actually do better than Nasdaq,” Hunt said. “I’m actually very confident we can get there.”

“If you look at the companies that have moved over to Nasdaq for their listings and you look at the actual valuations they’re getting they’re not that different, and some of them actually ended up being a bit of a disappointment,” he said. “I think London’s got a great story to tell.”

Asked how he would encourage more tech firms to list in the UK, he said: “People generally say if you’re looking to raise up to ￡5m quid, and you’ve got a good idea, you can probably find it, but it’s the next stage, the scale up stage, where people find it harder.

“We need to make the private capital markets work much more effectively to make it easier to raise the money here. That’s the first step towards making it more attractive for them to do their IPOs here.”

Hunt was also asked which tax cut he would prioritise as Tory MPs ramp up their calls to slash the UK’s tax burden.

The Chancellor said: “If I was putting on my finance minister hat, my first priority and I’ve said this many times will be business tax cuts.

“The job of a Conservative government is to make the economy competitive, to make money for all the things we care about for our public services and so on.”

But he insisted that at the moment the state of the public finances was in no position to even have “that ‘what if’ kind of scenario in our minds, because any tax cut would be inflationary”.

He added: “We are midway through a journey to bring inflation right down and it would be absolutely crazy to give people money with tax cuts in one hand and then for them to see all that money taken away by inflation going back up with the other.”

Gus Wiseman will be addressing challenges & opportunities within the Macroeconomic Environment at RAOEurope23, but will he outline an actual plan that meets the Chancellor's ambitions and makes private capital markets work much more effectively? Or will this turn out to simply be conference rhetoric? Book your ticket now and hear from Gus and the Government firsthand.

#RAOEurope23

Book your ticket now!

About Adrienne Lawler, Founder of RAO Global Events

The highlight of every RAO conference, comes when you see the lights go on in people's heads, the conversations buzzing and cards being exchanged so that relationships can continue, way beyond the day itself.

I love it!

I founded RAO Global events to bring together the best and the brightest from the Global Asset community to share their insights and knowledge about the challenges and opportunities within Responsible Investing.

The highlight of every event, comes when you see the lights go on in people's heads, the conversations buzzing and cards being exchanged so that relationships can continue, way beyond the day itself.

Starting in Europe, it quickly expanded to include the important regions of the Americas & APAC where Responsible Investing faces a different and varied set of challenges and opportunities.

Thought Leaders address the importance of responsible and transparent investment through sound ESG policies, Transparency & Impact Investing.

Listen to country case studies and debate whether it is time for the UK government to tap into bond markets and launch its own Sovereign Wealth Fund.Each event creates a forum that focusses on key issues facing both Fund Owners & Asset Managers and are significant events in the Financial Markets calendar.

Developing strategies that deliver powerful messages with measurable impact.

It's clear that to be successful in this important and highly competitive industry, there needs to be collaboration and innovation to deliver the best returns for all Investors and Stake Holders.

RAOGlobal