Glencore chooses to keep primary listing in London, rejecting move to U.S. CEO Gary Nagle says the move wouldn’t add value for shareholders. UK capital markets get boost amid shrinking equity markets. Recent departures from London include TUI and BHP Group. Reforms aim to attract more companies to list in UK.

Legal & General CEO sees pent-up demand to invest in UK. Some companies may still shift London listings, like Pearson and Shell. Glencore’s shares have fallen 26% in the last year. Company believes U.S. listing unlikely for S&P 500 index inclusion. Investors disappointed with decision, shares drop 4%.

U.S. listing offers access to capital and higher valuations, but comes with regulatory burden and litigation risk. Glencore’s decision disappoints some, leads to share drop. Analysts cite decision as reason for share decline. London and other European exchanges emphasize benefits to listing with them.

Read more at Yahoo Finance: Glencore rejects US listing in boost for UK markets