The UK stock market is experiencing a significant contraction, with approximately 45 companies delisting in 2024 due to mergers and acquisitions, marking a 10% increase from the previous year. This is the highest number of delistings since 2010, according to data compiled by Bloomberg. The trend is contributing to the shrinking of the London stock market at its fastest pace in over a decade, raising concerns about London's status as a financial center. Companies listed in London are reportedly receiving valuations that are about 40% lower than their counterparts in other countries. Additionally, the Frasers Group has faced a 14% drop in shares following a profit warning attributed to weak consumer confidence and rising costs, with the company potentially exiting the FTSE 100 index. This situation reflects broader challenges facing the market, including a lack of high valuations and increased competition for investment.