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 [...]
London Stock Exchange celebrates AIM’s 25th anniversary June 16, 2020 The London Stock Exchange (LSE) will this week celebrate the 25th anniversary of AIM, its sub-market for smaller and growing companies. Since its launch in 1995 over 3,800 companies have been admitted to AIM, raising a combined £118bn in equity capital, according to new research by audit firm Grant Thornton. In 2019, AIM-listed companies contributed [...]
London Stock Exchange to allow dividend delay over coronavirus disruption March 25, 2020 The London Stock Exchange is to allow companies listed on its market to delay the payment of dividends by up to 30 days as markets grapple with the impact of coronavirus. “As a result of market conditions and issuers implementing their contingency plans, the Exchange has received enquiries from issuers and their advisers regarding deferral [...]
London Stock Exchange gets US approval for Refinitiv deal March 16, 2020 US regulators have approved the London Stock Exchange’s (LSE) takeover of financial data firm Refinitiv, the bourse said today. LSE said that the US Committee on Foreign Investment had determined that there were no national security concerns related to the $27bn (£22bn) deal, which was first announced in August last year. The all-share deal would [...]
London Stock Exchange’s $27bn Refinitiv deal under scrutiny in Brussels February 26, 2020 The London Stock Exchange Group’s $27bn purchase of Refinitiv has reportedly already come under intense scrutiny in Brussels, raising the prospect that EU regulators will initiate a much longer investigation into the deal than had been expected. The two companies are yet to formally notify competition regulators of the deal, which would trigger the review [...]
AIM and FTSE Small Cap firms ‘falling behind’ on board diversity February 3, 2020 London’s FTSE Small Cap (SMC) and AIM exchanges are lagging behind their larger peers when it comes to diversity on company boards, according to a new report. A mere 15 per cent of AIM directors are women, while over a third of companies listed on the market have all-male boards, according to a study by [...]
London Stock Exchange set to send $27bn Refinitiv deal to EU regulators January 13, 2020 The London Stock Exchange Group is reportedly set to file its $27bn (£20.8bn) deal to buy financial data group Refinitiv with EU antitrust authorities, following extensive discussions with Brussels over the scope of its investigation into the merger. The two sides have not yet resolved the issue of what constitutes “the market” against which the [...]