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A comment on UK food price inflation hit 16.2% in October – cost of food basics surging. Parent comment

Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:38AM (#33682433)
> Paris has even overtaken London in finance

citation please?

in terms of finacial centres: NYC is first, followed by London (and they swap places every so often)

down at number 15 or so is Paris

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Re:UK food price inflation hit 16.2% in October – cost of fo... by VBprogrammer on Sunday November 20, 2022 @11:40AM (#33682455)
I believe this is reference to the fact that the French stock exchange is now larger than the London Stock exchange.
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Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:42AM (#33682489)
and of course the LSE is an extremely small part of the financial sector
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Re:UK food price inflation hit 16.2% in October – cost of fo... by retrac98 on Sunday November 20, 2022 @11:42AM (#33682497)
https://uk.finance.yahoo.com/news/paris-london-stock-market-...
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Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:45AM (#33682523)
quite what the summed market caps of companies traded on a single exchange has to do with the size or competitiveness of the UK financial sector I really don't understand

Apple's market cap alone is larger than the entire LSE, and Paris exchange

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Re:UK food price inflation hit 16.2% in October – cost of fo... by Mikeb85 on Sunday November 20, 2022 @12:00PM (#33682731)
You do realize the US is a MAJOR outlier, right?
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Re:UK food price inflation hit 16.2% in October – cost of fo... by kasey_junk on Sunday November 20, 2022 @12:39PM (#33683164)
It’s only an outlier because it so handily dominates equities trading.

Using the Paris exchange overtaking the London exchange as a barometer for broader overtaking of the finance industry is akin to saying that a person is taking over the F1 title from someone after beating them in a bike race around their house.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @01:02PM (#33683400)
it's only one of the London exchanges too!
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Re:UK food price inflation hit 16.2% in October – cost of fo... by andyjohnson0 on Sunday November 20, 2022 @11:43AM (#33682504)
> citation please?

London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022

https://www.bloomberg.com/news/articles/2022-11-14/london-lo...

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Re:UK food price inflation hit 16.2% in October – cost of fo... by mhh__ on Sunday November 20, 2022 @12:22PM (#33683005)
London has never really been an equities place to my knowledge.

Ever noticed that the L in LIBOR stands for London?

Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities.

Aside: French engineering talent is massively underappreciated.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by chrisbolt on Monday November 21, 2022 @10:04PM (#33701244)
LIBOR, which is being replaced with SOFR?
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