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0 0 0 0 0.00128617363344049 0.00514469453376206 0.00128617363344049 0.00192926045016073
Stock impact report

UK Billionaire Spencer Warns of ‘Slow Corrosion' in London IPOs [Yahoo! Finance]

Barclays PLC (BCS) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Amtrak CEO Departs Amid Threats of a Transit Funding Pullback NYC Plans for Flood Protection Without Federal Funds “I've always found it laughable that we are the only major stock market that still has stamp duty,” ICAP founder Michael Spencer said Friday on the Merryn Talks Money podcast. “If you are not prepared to abolish that duty, then stop pretending that you're in favor of the London market.” Spencer, 69, joins UK banking giant Barclays Plc and brokerage firm Peel Hunt in calling for the UK to do away with its stamp duty reserve tax, a 0.5% levy for share purchases on the main London Stock Exchange that was abolished for the junior Alternative Investment Market in 2014. Once Europe's top venue by volume, the UK saw the amount of capital raised thr Show less Read more
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