|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||7,712.00 - 7,986.00|
|52-week range||1,656.00 - 7,986.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||28-Feb-2020 - 03-Mar-2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4,810.83|
Smart meter provider Calisen confirmed on Thursday it will seek a listing on the London Stock Exchange next month, with a 300 million pounds ($391.08 million) share offer that could set a 1.5 billion valuation on the private equity-owned firm. The offering, which will comprise of new shares and existing shared owned by KKR and other manager investors, follows a weak year for equity capital raising in London, with IPOs falling to to their lowest level in a decade in 2019, Refinitiv data showed. The final offer price will be determined following a book-building process, with admission currently expected in February.
Assessing if UK-based derivatives clearing houses can get access to European Union investors after Brexit can be done by June, but a final decision will hinge on broader EU-UK trade negotiations, the EU's markets regulator said on Thursday. The London Stock Exchange's LCH unit clears the bulk of euro-denominated swaps contracts, which are widely used by companies and banks across the EU to hedge against adverse moves in interest rates. The comments from the European Securities and Markets Authority (ESMA) provide a clear sign that UK financial services will not automatically have access to the EU after Brexit, even if Britain maintains most EU rules.
London Stock Exchange does not plan to shed any assets after its deal with Refinitiv and considers its subsidiary Borsa Italiana strategic, LSE board member and Borsa Italiana CEO Raffaele Jerusalmi told newspaper Il Sole 24 Ore on Friday. Last month London Stock Exchange (LSE) agreed to buy data provider Refinitiv for $27 billion (£20.67 billion), triggering speculation about the possible sale of assets to gain antitrust approval and to fund the deal. One suitor possibly interested in Borsa Italiana could be European stock market operator Euronext , Italian newspapers speculated some weeks ago.
The London Stock Exchange published a consultation paper on Tuesday asking market participants if they wanted shorter trading hours to help improve staff diversity and the mental wellbeing of traders. The consultation paper sought feedback on five options: four covering shorter hours, and a fifth on making no changes to the trading day that currently starts at 0800 local time (0700 GMT in summer) and ends at 1630. It also proposes cutting the number of "auctions" during the trading day from five to three.
China's dominance in widely followed emerging market benchmarks has investors worried about concentrated risks, fuelling demand for indexes that limit their exposure to mainland companies. Global index provider MSCI's latest round of China stock inclusion, completed on Wednesday, took Chinese equities to 34% of the MSCI Emerging Markets Index, bigger than the combined weight of the bottom 21 country components. China's weight in the FTSE Emerging Index stands at 35%, and will grow to roughly 37% by March.
London Stock Exchange shareholders overwhelmingly backed the exchange's $27 billion takeover of data and analytics company Refinitiv on Tuesday, a deal designed to broaden LSE's trading business and make it a major distributor of market data. LSE Chairman Don Robert told a shareholders meeting in London that the exchange's board was unanimous in recommending the Refinitiv deal because it was a "compelling opportunity" in the best interests of shareholders and the company. One shareholder asked whether the LSE was simply bulking up to avoid becoming a future takeover target.
London Stock Exchange shareholders overwhelmingly backed the exchange's $27 billion (£21 billion) takeover of data and analytics company Refinitiv on Tuesday, a deal designed to broaden LSE's trading business and make it a major distributor of market data. LSE Chairman Don Robert told a shareholders meeting in London that the exchange's board was unanimous in recommending the Refinitiv deal because it was a "compelling opportunity" in the best interests of shareholders and the company. One shareholder asked whether the LSE was simply bulking up to avoid becoming a future takeover target.
Hong Kong's stock exchange operator said quarterly profit dropped 8%, the steepest slide in nearly three years, as investor sentiment was hit by months of political unrest that pushed the Asian financial hub into recession. Hong Kong's Hang Seng index declined 8.6% during the quarter to end-September, marking its worst quarter in four years. While Hong Kong's pro-democracy protests show no signs of abating, the exchange's earnings could be bolstered by a pick up in IPOs in the fourth quarter.
Hong Kong Exchanges and Clearing Ltd (HKEX), the stock exchange operator in the Asian financial hub, on Wednesday posted an 8% drop in third-quarter profit, as a surge in listing fee failed to offset the slide in income from trading. HKEX, which scrapped its surprise $39 billion approach for the London Stock Exchange Group in October, reported a net profit of HK$2.2 billion ($280.87 million), down from HK$2.4 billion a year ago, the company said in a statement. Market sentiment in Hong Kong, which was earlier hit by the Sino-U.S. trade war and months of often violent protests in the city, has started to pick up recently on the back of a series of large IPOs.
Italy's parliament on Thursday gave its initial approval to a decree granting the government powers to protect 5G telecoms networks and Milan's Borsa Italiana stock exchange from foreign takeovers. Non-European Union players will be required to notify Rome of any takeover intentions or plans to acquire controlling stakes in key financial infrastructures. Regarding fifth-generation (5G) telecoms, the measures aim to give the government protective powers over 5G supply deals between domestic firms and non-EU providers such as China's Huawei and ZTE Corporation.
Oscar-winning special effects firm DNEG said on Tuesday it plans to list on the London Stock Exchange in November, raising 150 million pounds through the issue of new shares, to accelerate growth. The company, which produces digital visual effects and has worked on the Harry Potter films and the Avenger series, is looking to sell at least 25% of new and existing shares. The listing is also aimed to increase the public profile of the company, provide access to a wider range of capital-raising options and improve its ability to recruit, DNEG said in a statement.