SoftBank’s Arm to pursue US-only listing, UK stock market fears grow

Arm, a British chip designer owned by SoftBank, and building materials group CRH intend to pursue stock market listings in the US, dealing a blow to the UK's post-Brexit vision. This decision raises concerns about the UK stock market's competitiveness with international rivals. Arm and CRH aim to seek a US-only listing, despite the British government's lobbying efforts to persuade them to list their shares in London.