US Edition
AstraZeneca may quit London stock market
GREATER LONDON, ENGLAND, JUL 1 – AstraZeneca CEO cites UK regulatory hurdles and tax concerns amid plans to move listing to US, where over 40% of the company's $54 billion revenue is generated.
- AstraZeneca's chief executive Sir Pascal Soriot is reportedly considering shifting the company's stock market listing from London to the US as of July 2025.
- This consideration follows years of frustration with the UK's tax regime, NHS drug rebate scheme, and regulatory barriers hindering new medicine approvals.
- AstraZeneca has already invested more heavily in the US and China, including a $2.5 billion investment and plans for a new R&D center in Beijing.
- Soriot stated, “Companies will follow where they feel welcome,” highlighting that investment flows to favorable markets, while AstraZeneca's shares fell 17% in the past year before a 2.8% rise.
- Such a decision would significantly damage the London Stock Exchange and pose a serious threat to the UK's life sciences industry, heightening worries about the nation's ability to remain competitive.
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AstraZeneca exit is a frightening prospect for the City and the government
Sky's James Sillars writes that a government, struggling for authority and prioritising economic growth, can not afford to allow the FTSE 100's biggest company to leave London in favour of New York.
·United Kingdom
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Coverage Details
Total News Sources28
Leaning Left3Leaning Right5Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 20%
C 47%
R 33%
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