Cable would carve up rescued lenders July 20, 2009 AS Tory shadow chancellor George Osborne was laying out his blueprint for regulatory reform, Liberal Democrat counterpart Vince Cable was proposing his own solutions to the financial crisis, including the break-up of Royal Bank of Scotland and Lloyds Banking Group. Speaking at the London Stock Exchange, Cable said: “The Lloyds-HBOS merger should be unscrambled … [...]
Cable would carve up rescued lenders July 20, 2009 AS Tory shadow chancellor George Osborne was laying out his blueprint for regulatory reform, Liberal Democrat counterpart Vince Cable was proposing his own solutions to the financial crisis, including the break-up of Royal Bank of Scotland and Lloyds Banking Group. Speaking at the London Stock Exchange, Cable said: “The Lloyds-HBOS merger should be unscrambled … [...]
LSE wins approval for Baikal June 29, 2009 Baikal, the London Stock Exchange’s (LSE) new pan-European multi-lateral trading facility (MTF) dark pool service, has won regulatory approval from the Financial Services Authority. Dark pools allow large blocks of shares to be executed more easily than on the normal order book of an exchange, where trading is increasingly dominated by much smaller orders. The [...]
Nomura continues its western push July 7, 2009 JAPANESE bank Nomura has become the London Stock Exchange’s (LSE) third-largest broker, thanks to its acquisition of bankrupt Lehman Brother’s European trading business. Nomura revealed its position as it laid out its intentions to top the table by the end of the year. A spokesperson for the LSE confirmed that Nomura has been growing its trading [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 8, 2009 FINANCIAL TIMES SCRUTINY THREATENS SUCCESS OF BAIKAL, SAYS LSERegulatory scrutiny over “dark pools” and the failure of most such platforms in Europe to make money mean that Baikal, the London Stock Exchange’s planned platform, “might not work”, says Xavier Rolet, LSE chief executive. “It’s not impossible that it might not work,” Rolet said. He said [...]
Even before CSR, good business schools were already ethical September 9, 2009 MY word is my bond”, is the motto of the London Stock Exchange. There is a reason that this notion is fundamental to the City. Without trust, there can be no business – on the most basic level, you have to be able to believe that the goods you have paid for will be delivered, [...]
Home Retail Group fights off an investor rebellion over exec pay July 2, 2009 HOME Retail Group, the owner of Argos and Homebase, yesterday saw off an investor rebellion over proposed changes to pay plans at its annual shareholders meeting. A resolution to approve a new executive bonus scheme, which will see some managers paid up to 150 per cent of their salaries in cash, was passed. However, 35.7 [...]
Q&A: RENTING December 17, 2009 Russell Hunt MANAGING DIRECTOR, PROPERTY HUNT Q.We’ve been putting off upscaling to a bigger family home, but don’t want to wait much longer. When should we move? AIt’s probably a mistake to wait too long and over-predict the market. If you look back to the first quarter of 2009 there were lots of good deals [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 10, 2010 FINANCIAL TIMES BOCOM EYES $500M PRIVATE EQUITY FUND Bank of Communications is to launch a US dollar private equity fund in the latest sign of mounting Chinese interest in the asset class. BoCom International, the bank’s overseas arm, said on Wednesday it was targeting a $500m fund that would invest in mainland groups. The fund [...]
Landbank drops its 250m LSE launch July 7, 2009 PROPERTY firm Landbank has abandoned plans for a £250m share listing on the London Stock Exchange (LSE), in favour of raising money privately. The recently-launched firm had been pencilled to complete an initial public offering (IPO) today, under plans to raise capital to buy vast swathes of residential land from distressed housebuilders at bargain prices. [...]