Peel Hunt counts 42 live bids worth £74bn for London-listed firms, more than double the £35bn bid across 2025. Bid numbers are close to 2025's and the targets are larger, so the stronger evidence that London is emptying sits on the listing side.
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence55
City minister Lucy Rigby says London's listing reforms are "not a job done", citing the £5.3bn Airtel Money IPO as a sign of "renewed momentum". For boards choosing a venue, the Treasury is signalling more reform but has not yet named a measure they could price.
Reality
- Evidence45
- Adoption20
- Hype gap+25
- Incentives70
- Confidence50
Britain's Treasury named six banks, among them Barclays, HSBC and Morgan Stanley, to underwrite DIGIT, its first digitally native gilt, due by end-Q1 2027. The choice settles who sells sovereign debt onchain well before the bond's yield can show what onchain settlement costs.
Perspective Coverage
6 publishers
- Builder
- Builder 27%
- Operator
- Operator 41%
- Investor
- Investor 32%
Reality
- Evidence68
- Adoption10
- Hype gap+20
- Incentives55
- Confidence65
Tom Burnet, chair of Baillie Gifford US Growth Trust, has asked ministers for new rules on activists while Saba Capital holds nearly 30% of the trust. Shareholders vote in two weeks, so the board has to hold off Saba under rules Burnet says were not built for campaigns like this one.
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+20
- Incentives80
- Confidence40
The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
Perspective Coverage
4 publishers
- Builder
- Builder 21%
- Operator
- Operator 45%
- Investor
- Investor 34%
Reality
- Evidence70
- Adoption20
- Hype gap+30
- Incentives68
- Confidence66