Trading

City executives plot to buy AIM

A new group, which includes the bourse’s former head, is pressuring the London Stock Exchange Group to give up the growth market

The junior stock market should be spun off, investing grandees say, as they formulate a plan for AIM’s revival
The junior stock market should be spun off, investing grandees say, as they formulate a plan for AIM’s revival Photo: Hollie Adams/Getty Images

A group of investors, brokers and other City executives is set to approach the London Stock Exchange Group with a proposal to acquire AIM, Financial News can reveal, following a tough period for the capital’s junior stock market.

The nine-strong group wants to buy AIM and relaunch the market as the Global Growth Exchange, according to an internal presentation seen by FN.

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