London Suffers New Blow as CRH, Arm Pick US for Main Listing
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The UK’s capital market suffered another hit as Europe’s largest building materials company and a jewel of Britain’s technology industry picked New York for their main listings.
CRH Plc said on Thursday it plans to move its primary listing to New York from London. Separately, Arm Ltd. has decided against selling shares on the London Stock Exchange for now, dealing a blow to UK politicians who had been lobbying the home-grown technology giant ahead of its initial public offering.