Rachel Reeves will pass this week the unusual measure of the implementation of candidates for the flotation of the London Stock Exchange alongside one of the best bankers in the city while it is trying to rekindle interest in the United Kingdom as an international registration destination.
Sky News learned that the chancellor And Lucy Rigby, the new city minister, will welcome a group of business owners on Monday to discuss “the British IPO environment”, according to a copy of the invitation.
The Round Table, which will showcase business leaders in the technological industry as well as other sectors, “will include remarks of introduction to ministers and an overview of the environment of the market of Anthony Gutman, Goldman Sachs”.
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Mr. Gutman is one of the main investment bankers in the city and now occupies a senior world role in this division of the Wall Street Bank.
He worked on many of the largest buyout offers in the United Kingdom and the first public offers since he joined Goldman about 20 years ago.
A competitor described him as “very unusual” for Goldman Sachs to obtain “a free argument” to a group of candidates for the flotation alongside a main minister like the Chancellor.
The identity of companies and managers participating in Monday’s meeting was closely owned by the Treasury, who said that he could not disclose the names for reasons of commercial confidentiality.
In the invitation, the Treasury said that the question of London’s attraction as a place of registration was “a high priority for the government”.
“The ministers are eager to hear your views on the attractiveness of the United Kingdom as a registration destination for businesses … and on the vast set of reforms that the government has undertaken to strengthen the competitiveness of the British capital markets.”
The rally will take place in the midst of signs of life on the British market for IPOs, with Beauty Tech Group and Princes groupThe tuna producer preserves it, both confirming their plans – initially revealed by Sky News – in recent weeks.
Shawbrook Group, whose intention to float has been revealed by this channel earlier in the year, should publicly confirm its plans this week.
A source said the Chancellor could use Monday’s meeting as an opportunity to answer questions about a possible stamp duty for newly listed actions, which Financial Times said last week was being studied by treasury officials.
London has slipped behind numerous rival financial centers in terms of product noted by the IPOs, while the decision of large companies, including Astrazeneca, to modernize their American announcements has put an additional doubt about the relative call of the city.
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A Treasury spokesperson said: “This government focuses on the realization of the United Kingdom the best place for companies to invest and attract the most innovative companies to start, evolve, list and stay here, and the FTSE 100 continues to negotiate near a summit of all time.
“By continuing to remove the obstacles to investment, we provide our change plan so that our companies succeed and that our economy increases”.
A source said that the creation of a working group on registrations, announced in the Speech of the Chancellor’s House earlier this year, would develop the “already accomplice of the United Kingdom in London”.
Goldman Sachs refused to comment.