LSE-Deutsche Boerse hangs over Brexit precipice

June 22, 2016

UK equities could crash if Britons vote to leave the European Union. Among other things, this could upend the carefully composed share split in the British and German exchanges’ merger. For Frankfurters carping at where the new company would be based, it could be the final straw.

Time Out IPO more fringe than West End

June 10, 2016

The loss-making events magazine is raising 90 mln pounds on London’s junior market. Its revamp depends on convincing visitors to book tickets on its site, though its track record hasn’t been great so far. Online booking is a crowded field and the price it is asking looks high.

Market only half buys LSE merger thesis

March 16, 2016

Investors have priced in the 450 mln euros in annual savings Deutsche Boerse and its rival exchange hope to create by merging – but no more. The two aim to create value from revenue synergies too. If they can’t convince the market, the tie-up looks vulnerable to an interloper.

LSE merger of equal-ness is a red herring

March 4, 2016

Is it a merger? Are they really equals? It matters not. Deutsche Boerse’s approach for its UK rival could leave London Stock Exchange shareholders 16 pct better off. If a spoiler comes from U.S. peer ICE, value not format is what should guide LSE’s board and boss Xavier Rolet.

LSE’s tilt at Russell is a long shot

May 13, 2014

London Stock Exchange is in talks to buy the Seattle-based compiler of small-cap stock indexes for a reported $3 bln. Pushing deeper into data makes sense. Yet LSE must face down rival bidders and sceptical shareholders. It also needs a plan for Russell’s asset-management arm.

Nigerian billionaire’s LSE-quote plan is watershed

April 5, 2012

A mooted London listing for Aliko Dangote’s $11 bln cement group is a milestone for Nigeria and for Africa. The resource-rich continent has seen false starts before, and Dangote’s venture isn’t without risks. But a FTSE 100-sized Nigerian company gives cause for celebration.

Turquoise the right colour for LSE

October 2, 2009

How fitting that the London Stock Exchange should be in pole position to buy Turquoise. After all, the upstart exchange was launched last year by some of the LSE's biggest customers to break its dominant grip on UK share trading. But it would be wrong to dismiss the venture as a complete failure.