Thomson Reuters and London

London: Urban Exposure, an investment vehicle that funds the development of new homes, is the second property company to cancel its listing plans within a week. It was hoping to raise 500m to fund the construction of homes in London and the south-east, according to The Guardian. After a lull that lasted several years in the wake of the financial crisis, the London market saw more flotations during the first half of this year than in the boom times of 2007. Forty companies raised 5.7bn from the start of the year until early June, according to data from Thomson Reuters. The money raised in 2014 easily outstrips the previous 4.9bn record for the same period, set in 2007 and This year IPO frenzy has shown further signs of fading, as yet another company ditched plans to list its shares on the London stock exchange. The company said it had received an encouraging response from prospective investors, but added that it was concerned about the "prevailing IPO backdrop". It remains in discussions with a number of them who may provide private funding. (news.financializer.com). As reported in the news.