{"id":635310,"date":"2024-07-29T00:00:00","date_gmt":"2024-07-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/29\/dual-class-share-structures-come-to-the-lse-today-central-bankers-meet-this-week-in-washington-london-and-tokyo\/"},"modified":"2024-07-29T00:00:00","modified_gmt":"2024-07-29T00:00:00","slug":"dual-class-share-structures-come-to-the-lse-today-central-bankers-meet-this-week-in-washington-london-and-tokyo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/29\/dual-class-share-structures-come-to-the-lse-today-central-bankers-meet-this-week-in-washington-london-and-tokyo\/","title":{"rendered":"Dual-class share structures come to the LSE today + central bankers meet this week in Washington, London, and Tokyo"},"content":{"rendered":"

It\u2019s shaping up to be a big week on Planet Finance:<\/strong><\/p>\n

#1- It\u2019s a huge morning for some investors in London-listed companies<\/strong> as the LSE rolls out new listing rules in what\u2019s being portrayed as a victory for venture capital firms and sovereign wealth funds. <\/p>\n

The changes: <\/strong>The new rules will allow companies to retain dual-class share structures that give founders and other early investors more voting rights than others. The UK Financial Conduct Authority is <\/span>positioning the changes<\/a> as the \u201cbiggest changes to the listing regime in over three decades.\u201d<\/span><\/p>\n

Why now: <\/strong>The LSE has lost listings (and seen outflows of investment) to other markets, the Financial Times<\/a> notes. <\/p>\n

Read for yourself: <\/strong>The full text of the changes are included in this policy statement (pdf)<\/a>.<\/p>\n

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#2- It\u2019s shaping up to be a big week for central bank watchers<\/strong> as the monetary policy bosses of three of the world\u2019s most advanced economies meet. <\/p>\n

The US Federal Reserve will meet on Tuesday and Wednesday. <\/strong>Nobody expects the Fed to cut interest rates, but analysts think this is the pivotal meeting that will set them up to go for it in September, the Wall Street Journal<\/a> writes. <\/p>\n

Japan\u2019s central bank meets on Wednesday, and the UK follows suit on Thursday. <\/strong>Traders are trying to figure out if the Bank of Japan will hike interest rates \u2014 and by how much the Bank of England will cut them, Bloomberg<\/a> says.<\/p>\n

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ALSO WORTH READING on this fine Monday morning: <\/strong><\/p>\n