The Hong Kong exchange’s abandoned takeover tilt for the London Stock Exchange marks the latest in a long line of doomed bids for the London bourse over the years.
Hong Kong Exchanges and Clearing has dropped its £32 billion takeover pursuit of the London Stock Exchange Group, ending its ambitious attempt to create a global markets giant.
The London Stock Exchange Group (LSE) has rebuffed the £31.6 billion bid from its Hong Long rival in a blistering rejection that branded the approach “fundamentally flawed”.
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.
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.
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.
London Stock Exchange Group has appointed Goldman Sachs veteran David Schwimmer as its new chief executive.
A “no deal” Brexit will cost Tayside and Fife billions of pounds in lost economic growth, according to a London School of Economics study.