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Prescient souls at the London Stock Exchange (LSE) who, in the mid-1990s, foresaw the need for a stock market for younger growing companies, are probably hunkering down about now. The United Kingdom's stock exchanges, particularly AIM, the LSE junior market, have experienced a steep decline in market capitalisation. It was always going to be the case that those smaller, some would say riskier, quoted companies would bear the brunt of any economic malaise. AIM is comprised of such companies, having played host to companies focused on ventures ranging from exploration in far flung places to online gaming companies. Read more...
This article first appeared in the 1 May issue of FTSE Global Markets.
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