UK's BG to Abandon NYSE

Lora Bentley

On Wednesday, British gas explorer BG became the latest in a laundry list of foreign companies that have announced their intention to drop U.S. stock listings. That laundry list, according to Guardian Unlimited, includes such firms as British Airways and Danone, a French food company.

 

A BG spokesperson says the company will save more than 4 million pounds in administrative costs with the change, which will "simplify [its] systems" as well. The story notes that most U.S. investors hold BG common stock that is listed in London.



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