Value of Euronext Paris stocks falls by about $258bn in week after Macron’s announcement of snap elections

Paris has lost its spot as Europe’s largest equity market to London, as investors reacted to political turmoil in France in the week since Emmanuel Macron called snap elections.

Stocks listed on Euronext Paris were collectively worth about $3.13tn after about $258bn was knocked off the market capitalisation of French companies last week, putting it behind the London Stock Exchange’s $3.18tn (£2.51tn), according to data compiled by Bloomberg. Separate data from Refinitiv, a subsidiary of the London Stock Exchange Group, also suggested the market value of UK-listed companies was bigger.

Julia Hoggett awarded damehood for services to business, while HSBC chair Mark Tucker receives knighthood

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The head of the London Stock Exchange (LSE) and the chair of HSBC are among the business leaders to be recognised this year in King Charles’s birthday honours list.

Julia Hoggett, a former banker who has been the chief executive of the London Stock Exchange since 2021, has been awarded a damehood for her services to business and finance.