Still, the prevailing expectation was that the new government’s mandate would restore some zip to a financial hub that’s largely been in a holding pattern since the U.K. voted to leave the EU in 2016.
Mobile-phone billionaire Caudwell said now is the moment to make some big bets on the economy as a whole.
“There has definitely been a reluctance on my part to press buttons to further investments,” he said. “Now I can go full steam ahead.”
--With assistance from Viren Vaghela, Ambereen Choudhury and Nishant Kumar.
This article was provided by Bloomberg News.