Ryanair to delist from London stock market over Brexit

LONDON: Ryanair is to delist from the London Inventory Trade subsequent month, the Irish no-frills airline introduced on Friday, owing to excessive prices and falling commerce volumes after London exited the European Union.

The airline, whose main itemizing is on the Euronext Dublin, had already hinted on the transfer initially of November due to Brexit fallout.

Britain formally exited the European Union initially of the yr, leading to London dropping its European share buying and selling crown to Amsterdam throughout most of 2021.

Ryanair, whose closing day of London buying and selling is about for December 17, added on Friday that it “will proceed to have a main itemizing on the regulated market of Euronext Dublin, which provides shareholders the very best normal of safety”.

On November 1, Ryanair had stated “migration away from the LSE is per a normal pattern for buying and selling in shares of EU corporates post-Brexit”.

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