LSE chief praises region’s listed firms
THE strength of listed companies in Yorkshire was highlighted when the chief executive of the London Stock Exchange visited the region yesterday.
Xavier Rolet also said the Yorkshire region had an important part to play in the UK financial services sector.
Mr Rolet also warned about the forthcoming impact of increased regulation on listed companies and said he believed jobs would be created in the region by mid-cap companies.
During his visit to Leeds, which included a lecture as part of stockbroker Redmayne Bentley’s Investment Month, Mr Rolet praised Yorkshire’s impact on the Alternative Investment Market (AIM) but called for moves to be made to make it easier for investors to invest in companies on the junoor market.
Mr Rolet, who was in the region on a trip organised by Financial Leeds, highlighted the region as a major area of strength for the London Stock Exchange.
On the idea of creating regional stock exchanges, Mr Rolet said it needed more consideration, especially in the current economic climate.
He also called for SMEs to be given better access to finance.
Howard Kew, chief executive of Financial Leeds, said: “It was a tremendous privilege to welcome Xavier Rolet to the Leeds.
“He is a very strong international figure who we are pleased to see is keen not only to get out into the regions to speak openly about City issues, but ready and willing to take back the messages offered to him by regional practitioners.”
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