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’A forced seller at the LSE?
Shares in the London stock exchange have taken a beating in early trading on Thursday.
See if you can figure out why.
From Bloomberg:
Traders obviously fear the Borse Dubai stake will be dumped in the market.
Problem at the LSE
According to brokers the London stock exchange is having ‘issues’ accepting new orders this morning.
Here’s the service announcement that’s been mailed to exchange users:
The Exchange is currently investigating an issue affecting our trading system.
It’s like Christmas Eve
…and here’s the evidence – Monday’s most actives’ on the London Stock Exchange.
Across the London market (ex-Aim) just 950m shares have changed hands – that’s not even half an average day’s trading volume.
Anatomy of an Aim blow up
Now, here’s something for purveyors of scandals on London’s junior market – a public censure and £225,000 fine.
The culprit is Blue Oar Securities (now called Astaire Securities), which the LSE says failed to discharge its responsibilities as a nominated adviser (nomad) to Worthington Nicholls,
Listing options for Glencore
There’s just one thing missing from Friday’s news that Glencore, the ultra secretive Swiss trading house, is exploring a stock market flotation, and that’s a concrete sense of where it might list.
London is mentioned in passing but we wonder if a dual listing here and in Switzerland is the most likely option.
Turquoise down
MARKET ALERT.
Due to a system outage, the trading session today is being suspended. We will send an e-mail update when a re-opening time has been defined. We are currently working to overcome all issues and apologize for any inconvenience.
Icap group bids €830m for LCH.Clearnet
A consortium of 11 banks and Icap, the interdealer broker, has submitted an €11-per-share cash offer for LCH.Clearnet, valuing the clearing house at about €830m ($1.1bn). The bid, which is understood to have been submitted on Friday,
The talented Mr Rolet
Meet Xavier Rolet. He’s the new chief executive of the London stock exchange, and very talented.
Something of a renaissance man in fact, as these snippets from an interview with the Sunday Telegraph show.
Indian groups opting for London listings
Indian companies are increasingly turning to London to raise money for expansion amid signs that one of the world’s biggest developing economies is shrugging off growing threats from inflation and slowing global growth.
Italians flee the London exchange
Back in August there was all sorts of speculation over whether the London Stock Exchange might be going full fat Italian – complimenting its takeover of Borsa Italiana with a deal that could have seen the world’s oldest bank,