Trio of firms poised to quit London Stock Exchange as exodus gathers pace

The exodus from the London Stock Exchange continues as three listed companies, Bodycote, Gamma Communications, and Capricorn, unveil plans to exit the market. Bodycote, a FTSE 250 industrials group listed since 1972, has agreed to a £1.84bn takeover by the US private equity group Veritas. These latest purchases contribute to a growing trend, with the total value of deals removing firms from the capital's under-pressure stock market exceeding $100bn so far this year.