What recent developments have raised concerns for the future of the London stock market?

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Fears for the future of the London stock market have grown as SoftBank and the world's largest building materials group, CRH, opted to list in New York instead of London. SoftBank rejected a London listing for the Cambridge-based chip designer Arm, despite lobbying efforts from UK prime ministers. Additionally, CRH announced plans to move its shares to the US, where it generates most of its profits and expects to benefit from President Joe Biden's infrastructure investment plans. These decisions highlight concerns about London's ability to attract major companies, especially in the tech sector.

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