London Stock Exchange
30 декабря 2017, 06:58

Мировой рекорд по IPO за последнее десятилетие

Установлению посткризисного рекорда способствовали восстановление американской экономики и рекордно высокая активность на рынке IPO в Китае. В общей сложности это вылилось почти в 1700 IPO в 2017 году.

29 декабря 2017, 11:30

FTSE 100 ends 2017 at new record high as global markets celebrate $9tn year - business live

All the day’s economic and financial news, as investors count their profits on the final trading day of 2017Latest: FTSE 100 closes at new highMSCI World Index has gained $9 trillion this yearAsian markets have posted best year since 2009European markets post best year since 20132017’s top business stories: Ryanair crisis, hackers and a giant rabbit 1.44pm GMT The FTSE 100 surged by around £141bn during 2017, according to the London stock exchange.The FTSE 250 index, which contains medium-sized companies, gained around £52bn as it rattled to fresh record highs. 1.32pm GMT Shares have been a pretty decent investment this year - giving a rather better return than your local bank.Richard Stone, chief executive of The Share Centre (a retail stockbroker) says there are reasons why shares could keep rising in 2018.“For the second year in a row the FTSE100 has ended the year at an all-time high. Personal investors will have been relieved this year by a respite from the high volatility seen in the last couple of years. The level of volatility this year has though been remarkably low by historical standards and this has perhaps meant fewer trading opportunities for those investors who trade more actively.Market commentators have expressed concerns about valuation levels for some time indicating a correction may be on the horizon. However, the market appears to be shrugging off any such concerns and continuing to go from strength to strength. Higher global growth forecasts, a continuation of relatively relaxed monetary policy and a loosening of fiscal policy specifically in the United States are all helping support equities. A personal investor who put money into a FTSE 100 tracker fund at the start of this year will have seen a return of nearly 8% with a dividend payout (yield) of over 3% on top of that. Continue reading...

20 декабря 2017, 22:45

Who's Next As London Stock Exchange's CEO After Chairman Wins Hedge Fund Showdown?

After a London Stock Exchange EGM sees a shareholder resolution brought by Sir Chris Hohn's TCI hedge fund defeated, which had called for "removal" of the bourse's chairman Donald Brydon, the question now turns to who will become the exchange's next permanent CEO.

20 декабря 2017, 12:41

Breakingviews: Saudi Aramcos Backup IPO Plan Runs Through China

Saudi Arabia’s Mohammed bin Salman is a crown prince in a hurry. Besides detaining members of his family in a corruption sweep and painting a high-tech vision of the kingdom’s

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19 декабря 2017, 22:22

The Pension Protection Fund aims to protect pensions – not management

Toys R Us can’t find £9m to help save 3,200 jobs. So what went on when the UK arm wrote off a £584m loan to its US parent?It looks terrible for the Pension Protection Fund (PPF): the pensions lifeboat fund is planning to vote against a restructuring of the UK arm of Toys R Us, an action that could mean 3,200 people lose their jobs. On the company’s proposal, only 800 employees would depart and the others would resume the fight against Amazon’s invasion of the toy market.The PPF, however, is not to blame for this mess. Its hands are tied. The PPF’s jobis to look out for the interests of pensioners in Toys R Us’s defined benefit scheme and bargain accordingly. It has put forward a plan that looks more than reasonable: Toys R Us, as the price of support for its self-help plan, should put £9m into a pension fund that is showing a £30m deficit. Continue reading...

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19 декабря 2017, 19:54

London Stock Exchange shareholders back chairman in EGM vote

TCI motion to remove Donald Brydon gets only 20% support

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19 декабря 2017, 09:00

Is this the end for binary options, the world's most useless financial product | Nils Pratley

There are limits to how far regulators are obliged to save individuals from their own stupidity, but binary options are a clear case for interventionThe most useless financial product invented this century is probably the binary option. It is a fancy name for the opportunity to guess whether the value of a share, a commodity, an index or a currency will rise or fall over a short period of time. Absurdly, such periods can be just 30 seconds.Since price movements over such a timeframe are virtually random, trading binary options is really equivalent to betting on the fall of a coin – although the odds, inevitably, are worse than 50:50. By no stretch of the imagination can this activity be considered investment. Continue reading...

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17 декабря 2017, 20:39

LSE chairman set to see off activist's attempt to oust him

The Children’s Investment Fund wants Donald Brydon to go now but shareholder advisory groups are not convincedThe chairman of the London Stock Exchange, Donald Brydon, is expected to survive an audacious attempt by an activist investor to bring about an abrupt end to his two and a half years at the helm of the group.Brydon faces a vote this week on his future after a row with the Children’s Investment Fund (TCI), which owns 5% of the exchange, over boardroom changes. Continue reading...

08 декабря 2017, 20:00

Kinder Morgan Wins Appeal To Start Trans Mountain Work

Canada’s National Energy Board (NEB) on Thursday ruled in favor of Kinder Morgan, saying the company is not required to comply with two sections of the City of Burnaby’s bylaws as it prepares to begin construction of the Trans Mountain Expansion Project. The Project envisages the twinning of the existing pipeline between Edmonton, Alberta and Burnaby, British Columbia, to raise the nominal capacity of the pipeline system to 890,000 bpd from 300,000 bpd. The project is supported by the oil industry in Canada, but is fiercely opposed…

08 декабря 2017, 18:49

Mexico Cancels Deepwater JV Tender Due To Lack Of Interest

Mexico’s oil regulator canceled on Thursday an auction slated for January 31 for a joint venture with state oil company Pemex in a deepwater area containing super light crude oil, because no company had expressed interest in the tender. The auction—this time a farm-out auction—is the second oil auction to fall flat of expectations this week, after yesterday, US officials announced disappointing results from its lease sale in Arctic Alaska. Mexico’s National Hydrocarbons Commission, CNH, was seeking a company that would be…

06 декабря 2017, 19:46

Activism Abroad -- All Eyes On The European Frontier

In the aforementioned London Stock Exchange campaign, the Governor of the Bank of England was even asked to intervene. Quite understandably, he told both sides to get a hold of themselves and work something out. They haven’t yet,

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30 ноября 2017, 22:32

Has the mystery over the LSE boss's departure been solved?

The reason behind Xavier Rolet’s high-profile, long-running and controversial exit now looks clearerThe great mystery of why the board of the London Stock Exchange wanted to drop Xavier Rolet as its chief executive is finally revealed. Sort of. He’d had a long innings but “aspects of Xavier Rolet’s operating style were also important factors”, says the LSE’s circular to shareholders.What does that mean? It means lawyers have been working overtime, which has been the case at the LSE since October, when Rolet’s departure was agreed and announced as part of a “succession plan”. The circular – the LSE’s defence of its chairman, Donald Brydon – describes how a “negotiated document” was drawn up to deflect media inquiries. Nobody was allowed to say that Rolet had, in fact, been told he had to go by the end of 2018. Continue reading...

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30 ноября 2017, 22:16

London Stock Exchange sets out defence of its chairman

Activist investor TCI presses on with efforts to oust Donald Brydon

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30 ноября 2017, 18:49

LSE forced to explain reasons after chief executive Xavier Rolet leaves

Investor TCI wins shareholder meeting to seek ousting of London Stock Exchange Group chair Donald Brydon over his handling of Rolet’s departureThe London Stock Exchange has been forced to set out the rationale for the departure of chief executive, Xavier Rolet, citing his “operating style” and questions from shareholders about how long he intended to stay.The exchange provided the explanation in a 20-page circular setting the date for the shareholders’ meeting demanded by an activist investor which wants to oust the company’s chairmanover his handling of Rolet’s departure. Continue reading...

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29 ноября 2017, 19:41

Heads Roll at LSE and the Timing Is Terrible

The fight to keep Xavier Rolet as chief executive of the London Stock Exchange is over, but that doesn’t mean its problems are too.

29 ноября 2017, 18:13

London Stock Exchange loses its head

The London Stock Exchange is losing both its chief executive and chairman after a very public battle over who should lead the firm.

29 ноября 2017, 18:13

London Stock Exchange loses its head

The London Stock Exchange is losing both its chief executive and chairman after a very public battle over who should lead the firm.

29 ноября 2017, 16:33

Why scrapping bonus cap could be a hard sell for Mark Carney

Bank’s worry about EU cap approach was justified, but don’t be surprised if nuanced reason for UK dropping it is lost on manyHere’s one way to keep those footloose and greedy bankers in London after Brexit: appeal to their wallets by dropping the cap on bonuses, which only applies in the EU.The Bank of England may indeed abolish the cap, Governor Mark Carney hinted on Wednesday, even if the motivation is not vulgar opportunism but an analysis of which financial rules could be rolled back outside the EU. Continue reading...

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29 ноября 2017, 12:31

Глава Лондонской фондовой биржи согласился безотлагательно уйти в отставку

Гендиректор London Stock Exchange Group Plc (LSEG) Ксавье Роле согласился безотлагательно уйти в отставку после затяжного спора о том, следует ли оставить его в компании, с участием акционера-активиста TCI Fund Management.

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