LSE, Deutsche Boerse agree merger terms
16th Mar 2016 07:35
(ShareCast News) - The London Stock Exchange and Deutsche Boerse said they have agreed to merge. The two companies said total recurring cost synergies of €450m a year are equivalent to approximately 20% of the combined group's 2015 adjusted operating costs of approximately €2.2bn. These synergies w
Read moreLondon pre-open: Stocks seen a little higher ahead of Budget, FOMC
16th Mar 2016 07:33
(ShareCast News) - London stocks are set to open a little higher on Wednesday as the focus shifts to Chancellor George Osborne's Budget and the rate decision from the Federal Reserve. The FTSE 100 is seen starting 22 points firmer than Tuesday's close at 6,162. The Budget statement is at 1230 GM
Read moreTuesday newspaper round-up: BoJ, Brexit, Budget, VW
15th Mar 2016 07:11
(ShareCast News) - The Bank of Japan has downgraded its view of the economy but held interest rates at minus 0.1 per cent, reflecting public confusion over January's unprecedented move to take rates into negative territory. The BoJ, like peers such as the European Central Bank, is in largely unchart
Read moreMonday newspaper round-up: Budget, Deutsche Boerse/LSE, UK wealth, Hinkley Point
14th Mar 2016 07:13
(ShareCast News) - George Osborne will this week try to plug the hole in the public finances with £4bn of new spending cuts and a series of raids on corporate Britain, as he tries to avoid a Budget fight with Eurosceptic Tory MPs. Mr Osborne admitted on Friday that the economy was £18bn smaller than
Read moreSunday newspaper round-up: Budget, Sainsbury's, Virgin Media, Reuters
13th Mar 2016 15:18
(ShareCast News) - George Osborne look to grab as much as £20bn to fill shortfalls in his Budget this Wednesday, making deep cuts in public spending, an increased insurance premium tax and other new or increased duties and taxes, while also looking to cut taxes for North Sea oil producers. The Sunda
Read moreICE said to line up financing for LSE bidding war
9th Mar 2016 12:24
(ShareCast News) - Intercontinental Stock Exchange is reportedly lining up financing for a bid for the London Stock Exchange to rival Deutsche Boerse's offer. Bloomberg cited people familiar with the matter as saying ICE, which owns the New York Stock Exchange, is in talks with banks to fund a forma
Read moreLSE and Deutsche Boerse close to announcing merger agreement
8th Mar 2016 15:14
(ShareCast News) - London Stock Exchange and Deutsche Boerse are expected to officially announce a merger agreement next week, according to reports. The LSE and its Frankfurt-based suitor believe the merger could generate eventual cost synergies of much more than €300m (£233.5m), Reuters said, citin
Read moreLSE and Deutsche Boerse to offer customers major savings from merger
8th Mar 2016 11:27
(ShareCast News) - The London Stock Exchange and Deutsche Boerse will pledge almost $7bn of customer savings from their proposed merger and are planning to announce a merger agreement next week, according to reports, as the pair look to block potential rival bids from the US. Although the merger is
Read moreBroker tips: Barclays, LSE, Standard Chartered
7th Mar 2016 13:53
(ShareCast News) - Deutsche Bank downgraded Barclays to 'hold' from 'buy' and cut its price target to 180p from 255p, saying the stock was more now more of an investment case for 2017-18 rather than 2016. It said that Barclays' strategic update, whilst necessary to strengthen the capital position an
Read moreCredit Suisse ups LSE target price as potential bidding war looms
7th Mar 2016 10:14
(ShareCast News) - Credit Suisse upped its target on London Stock Exchange to 3,350p from 2,900p to reflect the value of cost synergies accruing to LSE shareholders from the proposed merger with Deutsche Boerse on its estimates. The bank retained its 'outperform' rating on the stock, pointing to the
Read moreCredit Suisse would be surprised if Nasdaq made standalone bid for LSE
4th Mar 2016 09:37
(ShareCast News) - The ongoing tussle over who will succeed in buying out the London Stock Exchange Group is "broadly positive" for Nasdaq and may pave the way for it to become the next takeover target in that space, Credit Suisse said. First and foremost, competition for LSE validates Nasdaq's stra
Read moreLondon pre-open: Stocks seen higher as investors eye payrolls
4th Mar 2016 07:13
(ShareCast News) - London stocks are expected to open higher on Friday following positive finishes in the US and Asia, as investors await the release of the all-important nonfarm payrolls. The FTSE 100 is seen starting 24 points higher than Thursday's close at 6,154. The payrolls report and the une
Read moreLondon Stock Exchange posts 31% uptick in pre-tax profit
4th Mar 2016 07:05
(ShareCast News) - London Stock Exchange Group reported strong underlying growth in capital markets accompanied by rising pre-tax profits in a trading update on Friday, as suitors Deutsche Borse and Intercontinental Exchange line up to pitch a potential merger. The firm recorded a rise in total inc
Read moreThursday newspaper round-up: National Grid, Rolls-Royce, bookmakers
3rd Mar 2016 07:37
(ShareCast News) - The energy regulator Ofgem is to be handed sweeping new powers to manage the country's electricity supplies, switch off factories and request emergency back-up generation, under energy market reforms being considered by Whitehall. Documents seen by The Times show ministers are con
Read moreWednesday newspaper share tips: LSE, Ashtead
2nd Mar 2016 17:28
(ShareCast News) - There is a high probability that Deutsche Boerse's rivals will try and crash its proposed tie-up with the London Stock Exchange, the Financial Times's Lex column said. On 1 March, ICE already said it would do just that and the industrial logic between the two deals was similarly "
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