London’s IPO market proves resilient despite choppy conditions December 17, 2020 Despite rocky conditions caused by Covid-19 and Brexit-related uncertainties, the London Stock Exchange (LSE) retained its title as Europe’s most active market this year. LSE proceeds have accounted for almost a third of total European proceeds in 2020. So far there have been 26 London IPOs this year, which is in line with 2019’s 27. [...]
EU regulators to clear London Stock Exchange’s $27bn Refinitiv deal December 2, 2020 EU competition regulators are reportedly set to clear London Stock Exchange’s $27bn (£20.3bn) takeover of Refinitiv. LSE last month offered to provide rivals with access to clearing and data for 10 years as part of its bid to win over antitrust authorities. It came as part of a package submitted to the European Commission that [...]
Stocking filler: London Stock Exchange backs virtual charity carol concert November 27, 2020 London Stock Exchange has teamed up with music royalties firm Hipgnosis to support a star-studded virtual carol concert that will raise funds for charity. Chic legend Nile Rodgers, who acts as an adviser to Hipgnosis, will host the festive gig on Tuesday 15 December. The programme will feature appearances from a string of music icons, [...]
Weekly outlook, 9-13 November: Investors shift their focus back to the UK economy November 9, 2020 Investors were kept busy with the drama across the Atlantic last week, but they’ll soon want to focus back on the UK in what will be a busy week of results and economic updates. After a nail-biting election, markets will likely be considering the implication of a Biden presidency. But with GDP and unemployment figures [...]
Europe set for positive open as Nikkei hits highest level since 1991 November 9, 2020 While President Trump still appears to be in denial about the loss of the Presidency to Joe Biden and still refusing to concede, markets appear to be unconcerned about the prospect of a contested outcome, and have moved on to what might happen next. CMC Markets UK’s chief market analyst Michael Hewson tells City A.M. [...]
EU to allow post-Brexit share trading for London-listed firms October 26, 2020 The EU markets regulator today said investors on the continent will be able to trade sterling-quoted shares of European companies listed in London after the transition period, in a bid to calm fears of post-Brexit trading jitters. The European Securities and Markets Authority (Esma) revised previous guidance that states EU shares must be traded inside [...]
LSE expects Refinitiv deal to close early 2021 October 23, 2020 The London Stock Exchange expects to complete its $27bn acquisition of data analystics firm Refinitiv in the first quarter of next year, LSE said this morning. Earlier this month LSE agreed the sale of Borsa Italiana as part of remedies to appease the European competition watchdog. LSE also said it is well positioned for Brexit [...]
FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased October 19, 2020 FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased
LSE accepts €4.3bn offer to sell Borsa Italiana to Euronext October 9, 2020 The London Stock Exchange has confirmed it has accepted a €4.3bn offer from Euronext for Borsa Italian, Milan’s stock exchange. LSE and Euronext entered into exclusive talks in September after Deutsche Boerse and Switzerland’s SIX bowed out of the race for the Milan bourse. Refinitiv The deal follows after the European Commission formally stated it [...]
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 [...]