London Stock Exchange
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07 ноября, 03:01

City traders ask for 9-to-4 trading day

Lobby groups have called for European exchanges to open an hour later to reduce the strain on mental and physical healthThe London Stock Exchange is to consider lopping 90 minutes of the trading day in a bid to improve mental health and attract more women and working parents to a high-pressure environment known for gruelling hours.The LSE made the announcement after City lobby groups sent a letter to nine exchanges, including Germany’s Deutsche Boerse and the Amsterdam-headquartered Euronext, urging them to adopt the proposal. Continue reading...

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08 октября, 21:41

Hong Kong stock exchange bid for LSE was least credible of the lot | Nils Pratley

Shortcomings in failed £32bn approach were evident from the outsetBlink and you missed it. The Hong Kong stock exchange’s attempt to buy its London counterpart must rank as the most feeble “hostile” bid seen in years. The £32bn approach looked flawed at the outset, was quickly rejected by the London Stock Exchange and has now been dropped a month later.Trying to justify the failed expedition, Charles Li, the chief executive of Hong Kong Exchanges and Clearing (HKEX), cited a line he attributed to Lewis Carroll in a blogpost: “We only regret the chances we didn’t take.” He would have been closer to the mark if he had said his offer required the LSE’s board and shareholders to imitate the White Queen and believe six impossible things before breakfast. Continue reading...

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08 октября, 10:19

Hong Kong drops £32bn bid for London Stock Exchange

Bidder says it has been ‘unable to engage’ with the LSE management on the dealThe Hong Kong stock exchange has abandoned its £32bn takeover offer for the London Stock Exchange after being “unable to engage” with management on the deal.The announcement by Hong Kong Exchanges and Clearing (HKEX) came nearly four weeks after the London bourse firmly rejected the cash-and-shares bid as a “significant backward step” with “fundamental flaws,” and said it saw “no merit” in holding talks with its Hong Kong rival. Continue reading...

01 октября, 21:15

John Lewis: never knowingly understaffed?

Retail partnership’s cull of one in three top managers seems risky, but there could be some easy winsIf the big reorganisation of the John Lewis Partnership falls flat, who would incoming chair, Sharon White, fire?Well, it won’t be the chief executive since the partnership doesn’t employ anyone with that title. But nor, from next year, will there be managing directors – one for the department stores and one for Waitrose. Instead, White will chair an executive team comprising seven directors with responsibilities across both halves of the business. Continue reading...

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09 сентября, 09:44

Aim investors on target to pocket more than £1bn in dividends

Concerns likely to be raised about shareholders getting funds that could be investedDividends paid out to investors by small and medium-sized firms on the junior stock market jumped 24% to a new a record total of £633m in the first six months of 2019.According to the latest Alternative Investment Market (Aim) dividend monitor from Link Group, investors are on target to pocket well over £1bn from Aim-listed firms for a second year despite the uncertainty surrounding Brexit. Continue reading...

05 сентября, 20:00

Events, dear boy, events: how politics is making markets volatile

The goings-on in the White House and Westminster are having as much effect as economic indicatorsPolitical events have always had an impact on the world’s financial markets but rarely have they mattered quite so much as they do now.Take two current examples. The latest news from Germany on Thursday was dire, with a plunge in factory orders adding to the risk of a technical recession – two successive quarters of negative growth. Normally, this would be a reason to sell German shares but the Frankfurt stock market was up. Continue reading...

29 августа, 19:08

Political uncertainty puts London listing for Saudi Aramco in doubt

Decision to rule out UK and Hong Kong would be major blow to both financial centresSaudi Arabia’s revived plans for a $2tn mega-listing of its state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty, according to reports.Saudi Aramco, the world’s most profitable company, may instead look to Japan’s Tokyo stock exchange to host the second phase of what would be the biggest public offering in history. Continue reading...

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29 августа, 13:16

Mike Ashley-backed Goals Soccer Centres put up for sale

Football pitch operator hit by accounting scandal employs 700 people across 45 UK sites and four in USGoals Soccer Centres, the struggling five-a-side football pitch operator in which Sports Direct-owner Mike Ashley holds a significant stake, has been put up for sale.The company, which is to delist from the London Stock Exchange after revealing a £12m tax accounting scandal stretching back at least a decade, was valued at just over £20m when trading of its shares was suspended in March. Continue reading...

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16 августа, 22:17

Aston Martin: uncertain fate awaits James Bond’s favourite carmaker

With share prices at record low, luxury carmaker faces struggle to realise ambitious ‘second century plan’The Aston Martin Lagonda chief executive, Andy Palmer, clearly had his eye on his place in automotive history when he launched a grandiose “second century plan” for the carmaker in 2016. With seven new models in seven years, his vision prepared the way to the firm’s landmark stock exchange listing last October, which heralded a new era for the 106-year-old British marque.The 10 months since then have not quite followed Palmer’s script. Aston Martin floated at £19 per share, valuing the firm at £4.3bn. If it had held that value it would now be in the FTSE 100 index of blue chip British businesses. Instead, the shares have lost three quarters of their value and they hit a record low on Thursday of less than £4, making it the worst-performing listing on the London Stock Exchange’s main market in the last two years. Aston Martin is now worth £1bn. Continue reading...

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16 августа, 13:56

London Stock Exchange hit by worst outage since 2011

Software glitch prevented investors trading for more than an hour and a halfThe London stock market has experienced its worst outage in eight years after a systems failure prevented trading in the shares of Britain’s biggest companies.A software glitch struck the London Stock Exchange early on Friday, leaving investors unable to buy or sell shares for more than an hour and a half. Continue reading...

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12 августа, 13:15

City regulator intervenes as Burford alleges market manipulation

Litigation finance firm hits back after attack by Muddy Waters hedge fundThe City regulator has begun “wide-ranging enquiries” following the US hedge fund Muddy Waters’ attack on the UK-listed Burford Capital last week that sent its shares plummeting by 65% in 24 hours.In what is fast becoming one of the most extraordinary financial battles in recent years, Muddy Waters – a so-called short seller, which makes money when share prices fall – made a string of accounting and poor management allegations against Burford, a business that specialises in providing funding for lawsuits. Continue reading...

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02 августа, 14:05

Goals Soccer Centres to delist in fresh blow for Mike Ashley

Tycoon has significant stake in football pitch operator that has revealed an accounting scandalMike Ashley has been dealt a fresh blow as Goals Soccer Centres, the struggling five-a-side football pitch operator in which he has a significant stake, is to delist from the London Stock Exchange after revealing an accounting scandal stretching back at least a decade.Goals, which is 19% owned by Ashley’s Sports Direct, has uncovered “improper behaviour” by a number of individuals in the company in the preparation of its financial accounts dating back to at least 2010. Continue reading...

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01 августа, 17:34

London Stock Exchange: more than 300 years and counting

From its coffee house roots to becoming a data and markets giant, LSE’s history has been eventfulLike many British financial institutions, the London Stock Exchange (LSE) sprang up informally rather than being organised by the government. The exchange’s 300-year history from its roots in City of London coffee houses to a $27bn (£22bn) deal to form a financial data and markets giant have been eventful.The exchange was formally established in 1773 by a group of stockbrokers who had been trading in the area’s coffee houses. This set-up was in place for more than a century because stockbrokers were deemed too uncouth to be allowed into the Royal Exchange which was established as the City’s centre of commerce in 1571. Continue reading...

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01 августа, 11:17

London Stock Exchange agrees £22bn deal to buy Eikon-owner Refinitiv

Deal will increase LSEG’s presence in US and allow expansion into AsiaThe London Stock Exchange Group has agreed a $27bn (£22bn) deal to buy Refinitiv in a move that will transform it into a UK-headquartered, global rival to Michael Bloomberg’s financial news and data business.The all-share deal will allow LSE to take control of Refinitiv, whose Eikon terminals on trading floors challenge those provided by Bloomberg, from a consortium led by Blackstone and including Thomson Reuters, which owns the Reuters news service. Continue reading...

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03 июля, 13:26

Gas and oil firms reclassified under non-renewables on LSE

Trade group says change may have opposite intended effect towards low carbon futureOil and gas companies listed on the London Stock Exchange have been reclassified under a non-renewable energy category in a move designed to distinguish between heavily polluting companies and greener producers.The change has been made by the index provider FTSE Russell, which now groups companies such as BP, Royal Dutch Shell, Cairn Energy, Petrofac, Premier Oil and Tullow Oil, formerly labelled oil and gas producers, in the non-renewable energy sector. Coal companies, previously classified under basic materials/mining, also now come under non-renewable energy. Continue reading...

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21 июня, 16:24

Trainline valued at nearly £2bn after first trading day

Shares rose by as much as 18% after float bucked the recent trend of weak stock market debutsShares in Trainline jumped 18% on their first day of public trading, valuing the online rail and bus ticketing service at nearly £2bn.The company, which raised £110m in an initial public offering on the London Stock Exchange, is likely to join the FTSE 250 index of mid-cap firms. Continue reading...

10 мая, 17:00

Labour weighs up delisting UK firms if they fail to fight climate change

John McDonnell’s tough message likely to trip City alarm bells as party puts climate battle at heart of agendaUK companies failing to tackle climate change would be delisted from the London Stock Exchange under radical plans for greening the economy being drawn up by Labour.John McDonnell, the shadow chancellor, said he would consider changing the law if necessary to force UK-listed firms to take adequate steps to fight the “climate emergency” facing the planet. Continue reading...

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24 апреля, 18:08

Extinction Rebellion protesters stop traffic in City of London

Climate campaigners target financial district before ending occupations and blockadesUp to 400 Extinction Rebellion activists have been stopping traffic in moving protests across the City of London to highlight the role of the finance industry in fuelling climate change.Protesters are periodically forming human blockades across roads in the capital’s financial hub, occupying the street and halting traffic for seven minutes before allowing vehicles to pass, and then repeating the action. Continue reading...

21 января, 03:01

Shareholders received record dividends of almost £100bn in 2018

But Brexit could take a bite out of future returns from UK-listed companies, says reportUK-listed firms paid record dividends last year, thanks to rising profits, but a report warns that shareholder payouts could take a big hit if Brexit goes badly.Companies listed on the UK’s main market shelled out £99.8bn in dividends over 2018, marking a 5.1% rise from a year earlier, according to the latest dividend monitor report by Link Asset Services. Continue reading...

29 ноября 2018, 19:06

Unilever boss quits after failed move

Unilever chief Paul Polman is to retire after a decade at the helm of the consumer giant, following a failed plan to move the firm’s headquarters from London to the Netherlands.