London's popularity in the technology sector for listings may be hurt by a new report showing small cap technology companies have typically performed better on Nasdaq than in London. The LSE has dismissed the research describing it as "disingenuous".

New research, by US investment banking boutique Innovation Advisors, has found that two years after floating smaller technology firms listed on Nasdaq were up 12% on average, while IT companies traded on AIM, the LSE's small cap market, were down 57%.