London Stock Exchange delivers strong results as it boosts holding in clearing house LCH October 19, 2018 The London Stock Exchange Group (LSE) grew revenue five per cent in the third quarter it said today as it announced a further £384m investment in clearing house LCH Group Holdings. In the quarter to 30 September LSE’s total revenue grew to £464m while its total income expanded eight per cent compared to the same [...]
Unilever to stay on FTSE 100: How investors reacted October 5, 2018 Unilever’s awkward climbdown over its attempt to move its main listing to the Netherlands is unlikely to be the last, according to one financial expert, as investors reacted to the company’s decision to retain its London headquarters today. Unilever this morning pulled plans to make the Netherlands its sole headquarters and quit its UK offices, after [...]
LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman September 25, 2018 London Stock Exchange Group has appointed financial services veteran Marshall Bailey as chairman of its clearing business LCH Group. The move, which is effective immediately, will see current LCH Group chairman Lex Hoogduin step down after three years in the role. Read more: Activist Hohn reduces stake in London Stock Exchange Group The business has become central to debates about the [...]
London Stock Exchange Group profit soars on integration of Russell Investments August 5, 2015 Shares rose 2.44 per cent after the group's first half earnings were boosted by its recently acquired global indexes business FTSE-Russell. The figures The London Stock Exchange Group (LSEG) said pre-tax profit in the six months ending 30 June rose 20 per cent to £205.2m, mainly due to strong growth in its global indexes business FTSE-Russell. [...]
London Stock Exchange Group buoyed by rise in volumes – but Aim still suffering June 25, 2015 Things were looking up for London Stock Exchange Group (LSEG) in the five months to the end of May – although volumes were less encouraging on its junior market. The figures New issues on LSEG's main markets were up 29 per cent in the period, while average daily UK equity value traded was up eight per [...]
London Stock Exchange Group appoints Royal Mail’s Donald Brydon to replace Chris Gibson-Smith as its new chairman June 19, 2015 London Stock Exchange Group (LSEG) has appointed Donald Brydon as its new chairman. Brydon has an impressive CV, having served as chairman of Royal Mail as well as spending 15 years at AXA, where he occupied a number of roles. He will be replaced at Royal Mail by Peter Long, co-chief executive of travel company TUI. Read [...]
Markets riled after Saudi Arabia launches airstrikes in Yemen March 26, 2015 Tensions in the Middle East stirred global markets today pushing nervous investors into safe-haven assets. Investors sought safety in gold, pushing bullion prices up to a two-and-a-half week high of $1,219.40 an ounce, on news that Saudi Arabia and its Gulf Arab allies had launched air strikes in the Yemen city of Aden. Meanwhile, the dollar fell [...]
St James’s A-Day profits October 20, 2005 Looming changes to pension legislation have helped wealth management company St James’s Place Capital increase its pension business by 22 per cent. New laws, due to come in on April 6 on what has become known as A-Day, have prompted more people to seek advice on their best personal pension plan including the chance to [...]