Broker tips: LSE, Weir Group, Coca-Cola HBC
7th Jun 2016 12:48
(ShareCast News) - Numis has reiterated a 'hold' rating at target price of 2,700p on the London Stock Exchange Group (LSE) ahead of its merger with Deutsche Boerse. The £21bn merger between the LSE and Germany's stock exchange was announced in mid-March and aims to generate cost synergies of €450m (
Read moreNumis leaves LSE at 'hold' ahead of Deutsche Boerse merger
7th Jun 2016 10:11
(ShareCast News) - Numis has reiterated a 'hold' rating at target price of 2,700p on the London Stock Exchange Group (LSE) ahead of its merger with Deutsche Boerse. The £21bn merger between the LSE and Germany's stock exchange was announced in mid-March and aims to generate cost synergies of €450m (
Read moreFriday newspaper share tips: Deutsche Boerse, London Stock Exchange, Renew Holdings
3rd Jun 2016 14:08
(ShareCast News) - Investors have been burdened with various themes ahead of the Deutsche Boerse (DB) and London Stock Exchange (LSE) merger, which may yet throw up another area ripe for growth, writes Financial Times' Lex column. It contended that indices -- in addition to the usual focuses on clea
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreLSE, Deutsche Börse see 1,250 jobs cuts after merger
1st Jun 2016 16:12
(ShareCast News) - Up to 1,250 jobs will be axed in the £20bn merger between the London Stock Exchange and Deutsche Börse, according to the merger prospectus published on Wednesday. The document outlines plans for pre-tax cost savings of about €450m a year in the third year after completion of the d
Read moreLondon Stock Exchange shareholders to vote on Deutsche merger in July
18th May 2016 07:41
(ShareCast News) - London Stock Exchange provided an update on its merger with Deutsche Börse, informing that shareholder documents will be published in June and shareholder meetings required in connection with the merger will take place in July. The LSE added that the end of the acceptance period f
Read moreLondon pre-open: Stocks seen lower as attention shifts to Fed
18th May 2016 07:33
(ShareCast News) - London stocks were expected open lower on Wednesday amid rising expectations the Federal Reserve will hike interest rates in June. The FTSE 100 was seen opening down 28 points from Tuesday's close at 6,140. Following on from a batch of upbeat US data and hawkish comments
Read moreLSE tumbles as ICE says it won't be making an offer
4th May 2016 12:37
(ShareCast News) - London Stock Exchange shares tumbled on Wednesday after Intercontinental Exchange said it has no intention of making a buyout bid for the London-listed company. ICE, which owns the New York Stock Exchange, had said on 1 March that it was considering making an offer for the LSE. H
Read moreLondon Stock Exchange lifts income 9% in first quarter
27th Apr 2016 07:14
(ShareCast News) - London Stock Exchange delivered a solid increase in total income in the first quarter as it battled to keep its merger with Deutsche Börse on track and neared completion of sale of Russell Investment Management. Despite expressions of interest from US-based rivals, the LSE said it
Read moreWednesday newspaper round-up: Tata Steel, inversion deals, Panama Papers, pensions
6th Apr 2016 07:19
(ShareCast News) - The businessman at the centre of efforts to salvage the UK's biggest steel factory has laid out his demands, calling on the UK government for sweeping subsidies if he is to take over the Port Talbot plant. Sanjeev Gupta, founder of commodities group Liberty House, said for him to
Read moreBidding war heats up as ICE reportedly gets funding for LSE offer
5th Apr 2016 10:46
(ShareCast News) - The bidding war for the London Stock Exchange heated up on Tuesday following reports Intercontinental Exchange has secured funding from a trio of banks in preparation for a £10bn takeover bid. According to Sky News, the owner of the New York Stock Exchange has reached agreement wi
Read moreSunday newspaper round-up: Shell, LSE, Old Mutual
27th Mar 2016 20:27
(ShareCast News) - Shell has quietly begun sounding out buyers for parts of its sprawling North Sea operations amid a slump that has seen the industry shed tens of thousands of jobs. Europe's biggest oil company strengthened its presence in the basin just last month when it completed its blockbuster
Read moreLondon Stock Exchange launches first daily intra-day auction
21st Mar 2016 16:12
(ShareCast News) - At noon on Monday, the London Stock Exchange completed its first daily intra-day auction, a two-minute pause in trading of the largest shares on the exchange to allow investors to enter, modify and delete orders without automated trading. After extensive consultation with City fir
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreThursday newspaper share tips: Deutsche Boerse/LSE, Cape
17th Mar 2016 14:28
(ShareCast News) - An out-vote in the upcoming Brexit referendum would not derail the proposed tie-up between Deutsche Borse and the LSE, but regulators or a last-minute bid from a competitor might yet throw a spanner into the proposed deal, the Financial Times's Lex column said. Regarding a hypothe
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