London experiences massive drop in Euro swaps trading post-Brexit February 11, 2021 Trading in euro-denominated swaps has dropped by nearly 30 per cent in London since the end of the Brexit transition period on 31 December, with trade primarily shifting to New York, Amsterdam and Paris. According to new data from financial research company IHS Markit, published earlier today, euro swaps trading in the City of London [...]
David Beckham-backed cannabis firm on course to become LSE’s first CBD listing February 4, 2021 UK-based Cellular Goods is seeking a listing on the London Stock Exchange, which would make them the LSE’s first pure-play CBD business
Film financier Great Point set for London IPO February 3, 2021 Great Point Entertainment Income Trust (GPEIT) today announced its intention to float on the main market of the London Stock Exchange. The London-based group will offer a target issue of 200m shares at 1 penny each at an initial issue price of £1 per ordinary share. GPEIT is a newly established investment company which will [...]
Swiss stocks given all clear to resume trading in London February 3, 2021 Shares in Swiss companies will once again be traded on UK exchanges after Switzerland’s financial regulator gave the move the all-clear this morning. Since June 2019, a spat between the EU and Switzerland has meant that the bloc’s exchanges have been banned from Swiss shares. But with the UK no longer a member of the [...]
Moonpig soars on market debut as shares leap by a quarter within minutes February 2, 2021 Online greeting card platform Moonpig saw its shares rise by 25 per cent within minutes of pricing its London IPO on Tuesday. Stock in the newly listed firm was trading at around 440 pence per share shortly after floating at 350 pence. The sharp rise underlines spirited investor appetite and sets the stage for other [...]
London Stock Exchange completes $27bn Refinitiv takeover January 29, 2021 The London Stock Exchange today said it had completed its $27bn (£19.7bn) takeover of Refintiv, kicking off its new era as a major player in financial data. The blockbuster deal, which was given the green light by EU regulators earlier this month, gives the bourse a significant footing in the information market and creates a [...]
Before the Bell: Europe to open higher as US fiscal talks get underway January 25, 2021 While US markets continued to set new records last week, European markets traded in a more lacklustre fashion as the early year optimism of the first week of 2021, gave way to a lot more caution, as a rise in short-term economic pessimism and the prospect of tighter lockdown restrictions for longer raise the prospect [...]
London Stock Exchange mulls £300m Covid rescue fund January 23, 2021 The London Stock Exchange is plotting a £300m listed investment vehicle aimed at offering much-needed support to companies hit hard by the pandemic. David Schwimmer, LSE chief executive, has led talks with top City figures and Treasury figures about establishing an investment trust that would list on the index. It is understood the vehicle, dubbed [...]
London Stock Exchange gets green light for $27bn Refinitiv deal January 13, 2021 EU competition regulators have approved London Stock Exchange’s $27bn (£20bn) takeover of Refinitiv, clearing the way for a major new rival to Bloomberg. The European Commission today said its investigation had raised a number of concerns about the deal, but that these would be addressed by a number of remedies. These include LSE’s €4.3bn sale [...]
500+ LSE-listed companies cancelled, cut or suspended dividend payments last year January 11, 2021 Just over 500 companies listed on London Stock Exchange cancelled, cut or suspended dividend payments in 2020, according to new research by investment solution provider GraniteShares. It seems that no segment of the market was immune, as 52 FTSE 100 companies amended their dividend policies last year, as well as 117 FTSE 250 firms and 151 [...]