EU launches probe into LSE-Deutsche Börse merger, LCH France up for sale
28th Sep 2016 14:23
(ShareCast News) - The European Union's executive arm has launched an in-depth investigation into the proposed merger between London Stock Exchange Group (LSE) and Deutsche Börse over potential competition concerns, prompting the LSE to say it is exploring a potential sale of its French clearing arm
Read moreMonday newspaper round-up: Brexit warning, US trade deal, Rolls, LSE
19th Sep 2016 06:50
(ShareCast News) - The City would lose a key power that makes it a global financial hub under a "hard Brexit" scenario, the head of the German central bank has warned. Britain would be stripped of the right to authorise banks and other finance companies to operate across the remaining 27 European Un
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreLSE profit slips, warns of Brexit volatility
4th Aug 2016 09:06
(ShareCast News) - London Stock Exchange Group said on Thursday that profit slipped in the first half of the year, although revenue and operating profit were higher and the company lifted its interim dividend. For the six months to the end of June, profit after tax fell to £114.5m from £130.8m the y
Read moreDeutsche Boerse lowers threshold necessary for tie-up with LSE to proceed
11th Jul 2016 13:22
(ShareCast News) - Deutsche Boerse lowered the threshold of shares which needed to be tendered in order for its merger with the London Stock Exchange to continue moving forward. HLDCO123 plc, the holding company set up to implement the all-share merger, lowered the threshold of Deutsche Boerse share
Read moreLSE confirms Deutsche Boerse might lower minimum acceptance threshold for merger
11th Jul 2016 07:32
(ShareCast News) - The London Stock Exchange noted the announcement from Deutsche Boerse that it was considering lowering the minimum acceptance threshold for its shareholders to tender their shares which had been set at 75%. LSE said the rationale behind the decision was to allow index funds, which
Read moreLSE-Deutsche Boerse tie-up should not be scuppered by Brexit - Jupiter
6th Jul 2016 14:10
(ShareCast News) - Heightened political sensibilities following UK's non-binding vote to quit the EU should not be used to scupper the London Stock Exchange-Deutsche Boerse merger, says a key stakeholder. Earlier this week, LSE shareholders voted overwhelming in favour of the tie-up, but some questi
Read moreLSE shareholders approve Deutsche Boerse merger
4th Jul 2016 13:24
(ShareCast News) - London Stock Exchange said on Monday that shareholders have voted overwhelmingly in favour of its merger with Deutsche Boerse. The exchange said 99.92% voted in favour of the deal following an extraordinary general meeting in London. Deutsche Boerse shareholders now have until 12
Read moreSunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreLondon open: Equities slightly higher on stimulus hopes
1st Jul 2016 08:17
(ShareCast News) - London stocks opened higher on Friday, underpinned by expectations of fresh stimulus from the Bank of England and possibly from the European Central Bank. The FTSE 100 was trading almost flat at 6,505.65, up by just 0.02%, despite a backdrop of positive trading overnight on Wall S
Read moreSome Deusche Boerse shareholders undecided on merit of LSE tie-up, report says
1st Jul 2016 08:07
(ShareCast News) - LSE shareholders continued to support a tie-up with German peer Deutsche Boerse, but some of the latter´s main investors remained undecided about whether to tender their shares, according to a report. Shareholders representing comfortably more than 75% of the LSE´s ownership had t
Read moreLSE-Deutsche Boerse tie-up may be on the ropes
30th Jun 2016 13:06
(ShareCast News) - Chances are the mooted tie-up between the London Stock Exchange and Deutsche Boerse will not go ahead as planned following the UK´s vote to leave the European Union, according to some financial market measures. The average estimate from 25 event-driven desks, equity analysts and f
Read moreSunday newspaper round-up: Rate cut, City exodus, pensions, LSE, RBS and Lloyds
26th Jun 2016 15:03
(ShareCast News) - The Bank of England is set to slash interest rates and even restart its money-printing programme to stimulate a slowing economy after the vote for Brexit, the Sunday Times reported. A cut in Bank rate is now viewed as a near-certainty by investors, having been considered an even-m
Read moreLSE and Deutsche Boerse reaffirm merger commitment after Brexit
24th Jun 2016 09:20
(ShareCast News) - Deutsche Boerse and London Stock Exchange said they remained fully committed to their $30bn merger on Friday, reiterating that the outcome of the EU referendum played no part in the deal. The companies said in a joint statement that the referendum does not impact the compelling st
Read more