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Britain's FCA goes ahead with disputed 'Aramco' listing rule

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - Britain's markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the rules have been "refined" following investor criticism.The Financial Conduct Authority's initial proposal last year led to suggestions the British government had influenced the watchdog to try to secure the Saudi energy company's planned initial public offering (IPO).Saudi Arabia is expected to float up to 5 percent of Aramco in Riyadh and an international venue such as London or New York in ...

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First Published: Fri, June 08 2018. 16:59 IST