London Stock Exchange in talks to buy data analytics firm Refinitiv for $27bn July 28, 2019 The London Stock Exchange Group (LSE) is in discussions to buy data analytics firm Refinitiv for $27bn (£22bn) in a blockbuster deal that could see the company take on Bloomberg. The exchange group confirmed it is in talks with Thomson Reuters and a consortium of funds linked to private equity firm Blackstone to acquire the [...]
Why the Square Mile must break its silence on China June 17, 2019 If timing is everything, London’s stock exchange tie-up with China has been a disaster from the start. It is now four years since the plan was first revealed under the Sino-philic leadership of David Cameron and his chancellor George Osborne. Read more: London-Shanghai Stock Connect finally launches Yet the summer of 2015 also brought a [...]
Euro-denominated trading will switch to Netherlands in no-deal scenario, London Stock Exchange says April 8, 2019 The London Stock Exchange has said it may move part of its business to the Netherlands if the UK crashes out of the European Union without a deal this week. Its European platform Turquoise will shift euro-denominated share trading away from the UK, the exchange said. Read more: London Stock Exchange Group leads $20m Nivaura [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 | City Talk By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]
Fearless girl statue who faced down Wall Street bull comes to London Stock Exchange March 6, 2019 The “fearless girl” statue, which was was installed on Wall Street in 2017 facing down the statue of a charging bull, has come to London to mark international women’s day. The bronze statue was installed today in Paternoster Square against the backdrop of St Paul’s Cathedral and adjacent to the London Stock Exchange. Read more: High-earning [...]
LSE announces job cuts as it warns on 2019 earnings March 1, 2019 London Stock Exchange will make 250 employees redundant this year it announced as it revealed it will not meet earnings targets in 2019. The exchange said it will cut five per cent of its staff to hit a £30m savings target but said it would not meet its goal of a 55 per cent goal [...]
London Stock Exchange Group leads $20m Nivaura funding round February 27, 2019 Fintech firm Nivaura has closed a $20m (£15m) seed capital round led by London Stock Exchange Group. The London-based company, which provides blockchain technology for digital investment banking platforms, will use the funding to rapidly expand its leadership, business development and technical teams. Read more: Revolut pushes ministers for fast-track tech visas The company also plans to [...]
Politicians urge London Stock Exchange to cancel meeting with Saudis after Khashoggi killing October 28, 2018 Senior politicians have called on the London Stock Exchange Group (LSE) to cancel a planned meeting with Saudi officials amid the international fallout from the killing of journalist Jamal Khashoggi. Speaking to City A.M., shadow chancellor John McDonnell and Liberal Democrat leader Vince Cable both urged the LSE to scrap an “Investing in Saudi Arabia” [...]
Deutsche Boerse steps up clearing battle with London October 25, 2018 Deutsche Boerse has stepped up its challenge to the Square Mile by expanding its clearing house partnership, as rival cities bid to replace London as Europe’s financial capital after Brexit. The London Stock Exchange Group’s LCH is currently Europe’s hub for clearing euro-denominated derivatives – used by firms to balance risk – and has become [...]
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 [...]