LSEG CEO Wants UK Stamp Duty on Shares to 'Go Away'

London Stock Exchange Group raised its full-year guidance following strong first-half results bolstered by its Refinitiv acquisition and growing demand for AI-powered data products. CEO David Schwimmer called for the removal of UK stamp duty on share purchases, characterizing it as creating wrong incentives for trading and listings. He also highlighted the UK's underinvestment of pension capital in domestic markets and expressed optimism about potential reforms to boost investment.