In a note to investors, broker and City bank
"If we extrapolate the current trend line, then the last company will leave the FTSE Smallcap [Index] in 2028," said
"This all sounds very negative - but the reverse scenario can happen and can happen quickly. It really needs a trigger to break the cycle."
Hall added that there had been a "feeding frenzy" on the market in recent months as cashed-up corporate buyers pounce on lowly valuations in the City.
A total of 12 new companies came under offer in the first three months of this year and some 28 firms were subject to takeover bids last year. Over 150 companies left both the main market and AIM last year, according to the
(c) 2024 City A.M., source