London Stock Exchange considers selling Milan bourse to secure Refinitiv deal July 31, 2020 The London Stock Exchange has said it is considering selling part or all of its Italian stock exchange group in a bid to secure its takeover of Refinitiv. The company said it had begun “exploratory discussions” which could result in MTS, Borsa Italiana’s bond trading platform, or the entire Italian arm being sold. “There can [...]
Income falls for Total Energies as refining profits slump July 27, 2023 French oil company TotalEnergies posted a drop in second-quarter net income on Thursday, reflecting lower natural gas prices,
ASOS share price recovers slightly after Mike Ashley’s Frasers raises stake May 17, 2023 Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market. Frasers, formerly called Sports Direct, increased its stake in ASOS to 7.4 per cent from a prior stake of more than 5 per cent, as of [...]
Head of London Stock Exchange’s data transformation quits after just a year in charge July 1, 2022 The London Stock Exchange’s head of data and analytics transformation has stepped down after just a year in charge. Andrea Remyn Stone quit her post as head of data and analytics citing personal reasons with the LSE’s CEO filling the role until it is permanently filled. The move comes after the London Stock Exchange bought [...]
London Stock Exchange Group says costs for integrating Refinitv after £22bn takeover unchanged August 5, 2022 The London Stock Exchange Group has said costs for the integration of its $27bn (£22.2bn) takeover of data firm Refinitiv remain unchanged. In interim results, the company also announced it was launching a £750m share buy-back programme. “We are managing costs well and we continue to make progress on achievement of synergies,” the group’s chief [...]
Singapore watchdog raises concerns over LSE’s $27bn Refinitiv deal July 2, 2020 Singapore’s competition authority has raised concerns about the London Stock Exchange’s (LSE) proposed $27bn (£21.6bn) acquisition of financial data provider Refinitiv. In an initial review, the Competition and Consumer Commission of Singapore (CCCS) cited concerns about the provision of foreign exchange benchmarks by the merged entity, saying it would need to conduct a second phase [...]
Dealmaking slumps amid soaring inflation and shocks of war May 4, 2022 Global mergers and acquisitions slumped in the first four months of the year as soaring inflation and war in Ukraine rattled dealmakers globally, fresh data has revealed.
Gold miner Newmont’s quarterly profit beats estimates on higher prices April 27, 2023 Newmont beat Wall Street expectations for first-quarter profit on Thursday, benefitting from higher prices of the yellow metal.
June NFP preview July 7, 2022 The June US jobs report is due to be released on Friday 8 July at 1.30pm (UK time). Coming at a time when market participants are concerned over the potential implications of impending rising interest rates off the back of soaring inflation, traders will be watching closely for any signs of an economic slowdown. Unfortunately, [...]
Mastercard beats profit estimates on spending boost July 27, 2023 Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy.