Companies pull London listings citing market volatility
Arqiva, expected to float valued at about £4.5bn, blamed ‘market uncertainty’ for not pressing ahead
Bakkavor, a supplier of fresh food to UK supermarkets, also cancelled its planned London initial public offering. Photograph: Matthew Lloyd/Bloomberg
Companies trying to list in London with an aggregate market valuation of about £7 billion have pulled their flotations, citing adverse market conditions despite high levels of activity on the capital’s exchange.