Hong Kong bourse ‘may increase’ £32bn offer for London Stock Exchange, says Swiss peer September 25, 2019 Hong Kong Exchange and Clearing (HKEX) will likely raise its blockbuster offer for the London Stock Exchange (LSE), according to the chief executive of a fellow bourse heavyweight. Swiss stock exchange boss Jos Dijsselhof has told City A.M. that he expects HKEX to up its current £32bn takeover proposal for its London counterpart, but he remains convinced [...]
Virgin Galactic shares stall as space tourism firm posts $73m loss February 26, 2020 Richard Branson-founded Virgin Galactic fell to a $73m loss in the final quarter of 2019 as the space tourism firm announced it had received twice as many registrations for its space flight programme. The loss, which has widened compared to the same period last year, meant that Virgin Galactic’s share price, which has risen nearly [...]
Crypto AM shines its Spotlight on AAX May 26, 2020 AAX, the first digital asset exchange to be powered by LSEG Technology, and the first exchange to be a member of London Stock Exchange Group’s Partner Platform, is on a mission to connect crypto to global finance. From discussions over a forum and silent experimentation, Bitcoin and with it an entire industry has come a [...]
London Stock Echange denies it will move City HQ to Hackney September 13, 2019 The London Stock Exchange Group has denied reports it is contemplating moving its headquarters out of the City and into the hipster haven of Hackney. The London group has hired Make Architects to design an office in Hackney on land that it currently owns, according to The Times. It would be the first time the [...]
Qualcomm’s upbeat profit forecast, results send shares higher November 6, 2019 Qualcomm has forecast current-quarter profit above Wall Street expectations and beaten estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up five per cent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75bn and 1.85bn smart devices with modem chips, including 175m to 225m 5G handsets, [...]
It’s tempting, but the devil’s in the details September 12, 2019 The Stockholm Stock Exchange, the Toronto Exchange, Germany’s Deutsche Boerse, Australia’s Macquarie and the American giants Nasdaq and ICE have all danced the dance with the London Stock Exchange at one time or another. Deutsche Boerse has been the most persistent and the Americans have kept an eye on Paternoster Square. And who can blame them? [...]
SocGen profit slumps amid major restructuring November 6, 2019 Societe Generale has posted a steep drop in profit for the third quarter of this year, missing analyst expectations amid a major restructuring effort. The bank reported net profit of €854m (£734m) for the three month period, dropping almost 35 per cent when compared to the same quarter last year. Analysts expected a net income [...]
Netflix beats fourth-quarter revenue estimates as subscribers jump January 21, 2020 Netflix added more subscribers than analysts had expected at the end of last year, despite the debuts of several rival streaming services. The streaming giant added 8.76m paid subscribers globally in the three months to December, compared with analysts’ average estimate of 7.63m, thanks to hits such as the Irishman and the third season of [...]
Government intervenes in £4bn Cobham takeover over national security concerns September 18, 2019 The government has hauled in the £4bn foreign takeover of aerospace giant Cobham on national security grounds, it said today. Business secretary Andrea Leadsom issued a European intervention notice yesterday to scrutinise US private equity giant Advent International’s huge offer for the British company. Read more: Cobham investors give green light to £4bn private equity [...]
Alphabet slides as it breaks out Youtube and Cloud revenue for the first time February 3, 2020 Google parent Alphabet’s shares fell in extended trading after it missed fourth-quarter revenue estimates, and gave an unexpected deep-dive into its sales breakdown for the first time. Alphabet reported overall revenue of $46.08bn for the three months to the end of December, versus analyst estimates of $46.9bn according to Refinitiv. Meanwhile it posted a profit [...]