Now NYSE in merger talks with Deutsche February 9, 2011 A SECOND giant stock exchange merger looked likely yesterday as Germany’s Deutsche Börse and multi-country platform NYSE Euronext confirmed they were in advanced talks. The merger would create the world’s largest equities exchange by revenues and profit and generate about €300m (£254m) in cost savings from economies of scale, they said yesterday. The announcement and [...]
Now NYSE in merger talks with Deutsche February 9, 2011 A SECOND giant stock exchange merger looked likely yesterday as Germany’s Deutsche Börse and multi-country platform NYSE Euronext confirmed they were in advanced talks. The merger would create the world’s largest equities exchange by revenues and profit and generate about €300m (£254m) in cost savings from economies of scale, they said yesterday. The announcement and [...]
Wall Street’s size and high liquidity are a draw for IPOs February 8, 2011 The New York Stock Exchange, or NYSE, is the world’s largest stock exchange by market capitalisation. Figures from December 2010 show that the value of its 3,923 listed companies was $13.39 trillion (£8.31 trillion). This in itself makes it an exchange that should not be ignored by UK investors looking for global diversification. The origins [...]
Wall Street’s size and high liquidity are a draw for IPOs February 8, 2011 The New York Stock Exchange, or NYSE, is the world’s largest stock exchange by market capitalisation. Figures from December 2010 show that the value of its 3,923 listed companies was $13.39 trillion (£8.31 trillion). This in itself makes it an exchange that should not be ignored by UK investors looking for global diversification. The origins [...]
Why the London Stock Exchange’s French boss is taking on the world February 14, 2010 L ONDON’s financial services community has a new champion: Xavier Rolet, the 50-year old French banker who took over as the London Stock Exchange’s CEO last year. Unlike many British commentators, who seem desperate to talk down one the UK’s most important industries, Rolet realises how important a prosperous City is to the UK and [...]
Lloyd’s insurer Beazley loses cancer battle October 14, 2010 LLOYD’S of London insurer Beazley yesterday announced that its co-founder and deputy chairman Andrew Beazley had died aged 57, three years after first being diagnosed with cancer. Beazley was chief executive of the business for 22 years of its 24-year history. The group launched in 1986 and is now one of the largest names in [...]
SELLING March 3, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I am looking to upsize but want to make sure I’ve found something else to buy before I put my property on the market. What do you advise? A.At present the prime central London market lacks fluidity and it is very difficult to tie in [...]
SELLING March 3, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I am looking to upsize but want to make sure I’ve found something else to buy before I put my property on the market. What do you advise? A.At present the prime central London market lacks fluidity and it is very difficult to tie in [...]
Everyone gets their 15 minutes of fame February 9, 2011 THAT the merger between the London and Toronto Stock Exchanges was old news by the end of the day on which it was announced is indicative of just how quickly consolidation in the sector is moving. By the afternoon, Deutsche Börse and NYSE Euronext had stolen the limelight, announcing they were in advanced talks to [...]
Daron Lee lists investment bank XCAP on AIM market for £17.5m September 16, 2010 INVESTMENT bank XCAP will list on the Alternative Investment Market today with a market capitalisation value of around £17.5m. The firm has already raised £5m ahead of the listing. XCAP received approval to act as an investment bank from the FSA in May and the corporate team have already completed five fundraisings for AIM companies [...]