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 [...]
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 [...]