Advertisement
UK markets open in 7 hours 47 minutes

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.81
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,330.10
    -8.30 (-0.35%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,404.55
    -1,777.11 (-3.34%)
     

  • CMC Crypto 200

    1,384.34
    -39.76 (-2.79%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

CME Group bids for LSE's French clearing business -Sunday Times

Reuters - UK Focus

CHICAGO, Nov 28 (Reuters) - CME Group Inc (NasdaqGS: CME - news) has submitted a bid to buy the London Stock Exchange (Other OTC: LDNXF - news) 's French clearing business for more than $340 mln pounds (400 million euros), the Sunday Times reported, setting the stage for a potential battle over the division.

Representatives for CME and LSE declined to comment to Reuters on Monday.

France's stock market operator Euronext (Euronext: ENX.LS - news) has previously held talks with LSE about buying the British bourse's clearing business in France, sources familiar with the negotiations told Reuters last month.

Clearing forms a critical part of the financial system's plumbing, guaranteeing a trade is completed even if one side of the transaction goes bust.

ADVERTISEMENT

LSE has put the division up for sale to help get its $28 billion merger with Deutsche Boerse (IOB: 0H3T.IL - news) approved by European competition authorities.

LSE is expected to find a buyer by year's end, the Sunday Times said. It added that U.S. stock exchange Nasdaq (Frankfurt: 813516 - news) was also considering a bid.

Nasdaq declined to comment to Reuters. (Reporting by Tom Polansek in Chicago, Noor Zainab Hussain in Bengaluru and John McCrank in New York; Writing by Tom Polansek; Editing by David Gregorio)