Another FTSE 100 firm falls to private equity. Where are the new listings? | Nils Pratley

You can’t complain Intertek’s £10bn takeover happened – the problem is the lack of arrivals in the other direction

It would be a stretch to describe the £10bn-ish takeover of Intertek as a landmark event for the London stock market or the FTSE 100 index.

This is not an Arm Holdings moment – the purchase of that Cambridge chip designer by Japan’s SoftBank in 2016 provoked long (and continuing) agonising over the lack of whizzy tech stocks on the London market.