Flutter, the gambling giant that owns Paddy Power, has already London, and the British chip designer ARM decided to float in New York. There have been reports that AstraZeneca may move its listing too. Now we learn that even Goldman Sachs may be giving up on the City, as it delists Petershill, the majority-owned investment vehicle it launched almost 20 years ago, from the London Stock Exchange. The City is facing extinction, but there is still no sign that the Chancellor Rachel Reeves will do anything to rescue it.

It is a slow-moving car crash

Petershill was launched in 2007, and listed on the stock market in 2021, to offer retail inventors a slice of private equity and hedge funds. With the backing of the world’s most feared, and usually most profitable, investment bank, it should have

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