Blue Whale’s Stephen Yiu: save the London Stock Exchange by spinning it off

cityam

Nov 04, 2025

A Coat of Arms is displayed on the exterior of the London Stock Exchange. The LSEG has had to take action against one of its employees over an alleged racist video. (Photo by Sion Touhig/Getty Images)...

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The LSEG has had to take action against one of its employees over an alleged racist video. 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The LSEG has had to take action against one of its employees over an alleged racist video. (Photo by Sion Touhig/Getty Images)...</p>\n\n<a href=\"https://www.cityam.com/blue-whales-stephen-yiu-save-the-london-stock-exchange-by-spinning-it-off/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BWC","symbol_name":"Blue Whale Acquisition I Corp","start_time":0,"source_url":"https://www.cityam.com/blue-whales-stephen-yiu-save-the-london-stock-exchange-by-spinning-it-off/","article_id":"2580203096","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/10/013-STOCK-EXCHANGE.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/blue-whales-stephen-yiu-save-the-london-stock-exchange-by-spinning-it-off/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2580203096","pubTimestamp":1762233780,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"A Coat of Arms is displayed on the exterior of the London Stock Exchange. The LSEG has had to take action against one of its employees over an alleged racist video.    An open letter to Rachel Reeves from Stephen Yiu, CEO of Blue Whale CapitalDear Chancellor,Your ambition to unlock long-term investment for British enterprise is the correct one. But that ambition is being directly undermined by a deep, structural flaw at the very heart of the City. The flow of growth capital to our most promising new companies is being throttled, not by a lack of willing investors, but by a conflict in the primary mechanism designed to allocate it.Our national stock exchange has become a neglected subsidiary, a mere rounding error within a global data conglomerate whose strategic priorities understandably lie elsewhere. To pretend it is thriving is to ignore the evidence.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BWC":"Blue Whale Acquisition I Corp","BWCAU":"Blue Whale Acquisition Corp I"},"translate_title":"蓝鲸的Stephen Yiu：通过分拆来拯救伦敦证券交易所","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWCAU":1.5,"BWC":1.5},"content_text":"A Coat of Arms is displayed on the exterior of the London Stock Exchange. The LSEG has had to take action against one of its employees over an alleged racist video. (Photo by Sion Touhig/Getty Images)   An open letter to Rachel Reeves from Stephen Yiu, CEO of Blue Whale CapitalDear Chancellor,Your ambition to unlock long-term investment for British enterprise is the correct one. But that ambition is being directly undermined by a deep, structural flaw at the very heart of the City. The flow of growth capital to our most promising new companies is being throttled, not by a lack of willing investors, but by a conflict in the primary mechanism designed to allocate it.Our national stock exchange has become a neglected subsidiary, a mere rounding error within a global data conglomerate whose strategic priorities understandably lie elsewhere. To pretend it is thriving is to ignore the evidence.\n\nThe London Stock Exchange has fallen outside the top 20 markets in the world for Initial Public Offerings – behind Mexico. So far this year, New York has raised 60 times more capital for companies listing there than has London. This forces our best British firms to delist, to look abroad for capital, or simply to remain private, starving the wider economy of investment and growth, and hampering public participation in the wealth of the country. The consequences for UK plc are stark.\n\n\n\n\n\n\nFree Thinking - City AM Opinion Newsletter\nGet weekly sparky insight and expert commentary on markets, entrepreneurship and innovation from City AM’s Opinion Editor, delivered every Saturday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIndependence for the LSEThere is one structural reform that could unlock more potential than any single tax measure: the government should champion the spin-off of the London Stock Exchange into a new, independent, publicly listed British company.This is not state intervention, but strategic liberation. An independent LSE, with its own board and management team dedicated solely to UK growth, would be a nimble and effective partner for the government in driving capital markets reform.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}