|Bid||7,160.00 x 0|
|Ask||7,330.00 x 0|
|Day's range||7,182.00 - 7,326.00|
|52-week range||1,656.00 - 7,922.00|
|Beta (3Y monthly)||0.35|
|PE ratio (TTM)||53.76|
|Earnings date||1 Aug 2019 - 11 Aug 2019|
|Forward dividend & yield||0.40 (0.55%)|
|1y target est||4,810.83|
Share mover headlines - courtesy of share market operators themselves on Tuesday (October 8)... The London Stock Exchange - down over six per cent... And the Hong Kong bourse - up over two per cent... On news that the latter has pulled the plug on its 39 billion dollar bid for the former. Its boss Charles Li indicated his team had been unable to engage with LSE management. The London bourse didn't comment. Analysts had viewed the chance of success as slim. The LSE would have had to drop its 27 billion dollar plan to buy data and analytics firm Refinitiv as a precondition of the deal. As for the Hong Kong exchange: local political turmoil - and the government's influence as the main shareholder - were also seen as obstacles. And - with its shares down 8 per cent since it made its original offer last month - putting in a higher offer could, say the analysts, have put too much strain on its finances. For the LSE, it's the latest failed mega-merger after multiple attempts at a tie-up with Deutsche Boerse over the last two decades. Its shares have risen more than 2,000 percent since it listed in 2001 ... reflecting its attractiveness as a target.
The London Stock Exchange is to create a new green classification and toughen standards for eco-friendly “green” bonds listed on its market as competition among exchanges in the fast-growing sustainable finance industry rises. Bonds issued by companies with revenues dominated by green activities will be required to submit annual, verified reports about how the proceeds are being used, the exchange said on Friday, while the “Green Economy Mark” will identify equity issuers with at least half of their revenues coming from environmental activities. “We continue to see growing investor demand for actionable climate-related financial information, with global asset allocations to green and sustainable finance increasing each year,” said Nikhil Rathi, head of the LSE.
Sterling and UK assets shot higher as a burst of optimism that a Brexit deal with the EU is still possible swept through markets. Domestic focused equities also surged on the London Stock Exchange, leaving the FTSE 250 on track for its best day since 2016.
London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source told Reuters on Thursday. LSE Group owns Italian stock exchange Borsa Italiana, which in turn controls the MTS platform on which Italian government bonds are traded. The Bank of Italy source was responding to a Reuters story that said LSE was considering shutting down a bond trading platform called BondVision and moving the management functions of Italian securities' clearing operations from Milan to London.
Donald Trump drew condemnation from the highest levels of his Republican party after he appeared to give Turkey the green light to launch a military incursion into Syria against US-backed Kurdish militias ...
its rival and its shareholders were unmoved by a three-week charm offensive Hong Kong launched to persuade them. Charles Li, chief executive of HKEX, said the board had concluded an offer was not in the best interests of its own shareholders.
The London listing market has suffered its quietest quarter in a decade, in the latest sign that the UK’s stock markets are being knocked by persistent political uncertainty. Only four companies launched initial public offerings on London’s stock markets between July and September, according to research from consultancy EY, compared with 15 in the previous quarter.
Hong Kong's bourse has scrapped its unsolicited $39 billion approach for London Stock Exchange Group after failing to convince LSE management and investors to back a move that could have transformed both global financial services giants. Last month's surprise cash-and-shares approach threatened to upend the LSE's $27 billion plan to buy data and analytics firm Refinitiv. The Hong Kong exchange had said the LSE would have to ditch the Refinitiv deal for its offer to go ahead.
European shares ended a tumultuous week on a high note on Friday as data showing modest U.S. jobs growth lifted sentiment slightly, pushing a pan-region index to its best day in more than three weeks. A raft of weak economic data from the United States and Europe, and threats of a transatlantic trade war between the European Union and the U.S, had knocked European shares this week, shaving nearly 3% off the pan-European STOXX 600 index in its worst week in two months.
European shares rose on Friday as investors were hopeful of further monetary easing from the U.S. Federal Reserve in the wake of poor economic data, while chip stocks nudged higher after a report said Apple was increasing production of its new iPhone models. The pan-European STOXX 600 index rose 0.3% by 0713 GMT, led by a 1% jump in the technology index. Chipmakers were among the top gainers after a report said Apple Inc would increase its iPhone 11 production.
Burford Capital has launched a legal attempt to force the London Stock Exchange to disclose the identities of traders the litigation funder says manipulated its share price. The company said it had sought approval from the High Court to obtain “further information about orders in Burford shares” from the LSE. After an attack in early August by US short-seller Muddy Waters prompted a two-day stock plunge of more than 50 per cent, Burford said preliminary analysis of trading data had revealed “activity consistent with material illegal activity”.
Index provider FTSE Russell has reversed a decision to label oil and gas companies as “non-renewable energy” following pressure from its sister company, the London Stock Exchange, which is competing to host the listing of Saudi Arabia’s state oil company. The “non-renewable” designation was removed last week, less than three months after its introduction, with the sector renamed “Oil, Gas and Coal.” The move has been criticised by some investors who see it as backtracking on efforts to promote investment in cleaner forms of energy. in July to designate UK-listed oil and gas companies as “non-renewable” was praised by environmental activists including Christiana Figueres, former executive secretary of the UN Framework Convention on Climate Change.
The pricing of stock market data could be more transparent but no "substantive" changes were needed by European Union regulators, London Stock Exchange Chief Executive David Schwimmer said on Tuesday. The price of market data has become a battle ground between exchanges, who generate data, and investment managers and brokers who need the data to meet a requirement to demonstrate they are getting the best deals for their customers. The EU's markets watchdog, the European Securities and Markets Authority (ESMA), is due to recommend later in the year whether the bloc's executive should mandate a single feed for stock market prices, which could impact the level of prices charged by exchanges to make it commercially viable.
Hong Kong Exchange and Clearing (HKEX) said it was "thinking big" in its $39 billion (31 billion pounds) London Stock Exchange bid as LSE CEO David Schwimmer said he was sticking with his $27 billion purchase of data and analytics company Refinitiv. After LSE rebuffed its offer, HKEX is appealing directly to LSE shareholders and has until Oct. 9 to decide whether to go hostile. HKEX has said that the LSE must ditch its bid for Refinitiv for its offer to go ahead.
The Italian government has approved measures that will give it the right to use special powers to protect the Milan stock exchange from possible outside threat, sources said. The decree, passed on Thursday, forces non-European Union parties to notify Rome of any takeover intentions or plans to acquire stakes in key financial infrastructure such as the bourse, the sources said. The decree gives Rome the right to veto any stake building by non-EU players in such assets if it deems such a move a threat to national interests.