Share trading fragmentation not in anyone's interests, says UK government

The post-Brexit fragmentation of share trading away from London is in no one's interests, Prime Minster Boris Johnson's spokesman said on Thursday, blaming Brussels for not yet granting Britain 'equivalence' status on financial services.

"Despite the fact that we've supplied all of the necessary paperwork and are one of the world's most pre-eminent financial centres, with a strong regulatory system, the EU still haven't granted us full equivalence," the spokesman said.

"This has meant a number of EU shares that were previously traded on UK venues, have moved to the EU venues on advice of the European regulator, but our position is fragmentation of share trading across financial centres is in no one's interests."