The Hong Kong exchange’s takeover tilt for the LSE marks the latest in a long line of bids for the London bourse over the years.
London Stock Exchange
Hong Kong Exchanges and Clearing has launched a shock £31.6 billion bid for the London Stock Exchange Group in a move set to disrupt its UK rival’s tie-up with Refinitiv.
The value of the pound has crashed lower after traders were spooked by news that the Government is expected to suspend Parliament from mid-September.
The political collapse in Italy has dragged the European markets into the red, nullifying a positive start to trading on Tuesday.
Top shares in London recovered some of the losses they had incurred earlier in the week on Friday, despite a slow start to the day as the market failed to open on time.
The London Stock Exchange opened almost two hours late on Friday as a technical issue delayed trading in the City’s top shares.
Markets pushed higher on Tuesday despite a number of global economic and political uncertainties, as the latest round of US tariffs on Chinese goods looked set to be delayed.
Shares in London Stock Exchange Group surged 15% higher on Monday after it confirmed talks to acquire data vendor Refinitiv, in a move that would create a financial information giant.
Stocks were under pressure on Thursday, after a mixed update from the European Central Bank and a slow start to trading in the US.
The FTSE 100 closed marginally in the red despite weakness in the pound following warnings over a possible no-deal Brexit rate cut from Mark Carney.
The London markets sank as investors remained cautious ahead of the Federal Reserve rates announcement set to be made in the US.
There was big news in the world of finance this morning as Goldman Sachs banker David Schwimmer was named the new chief executive of the London Stock Exchange.