|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||104.41 - 104.61|
|52-week range||78.26 - 108.67|
|Beta (5Y monthly)||0.37|
|PE ratio (TTM)||59.78|
|Forward dividend & yield||1.30 (1.24%)|
|Ex-dividend date||20 Apr 2023|
|1y target est||N/A|
LONDON (Reuters) -London Stock Exchange Group said on Thursday its group Chief Financial Officer Anna Manz would relinquish her role next year to take a similar position outside the financial industry. Manz will remain in her job and serve as a member of the LSEG board until May 2024 as part of her notice period. LSEG Chairman Don Robert said the search for a successor to Manz, who has held the position since November 2020, was underway.
Chinese companies' plans to raise capital via listings in London or Zurich are in jeopardy after Beijing mandated new disclosure rules, put curbs on the use of the funds and made issuances liable to national security reviews, bankers and lawyers said. A total of 18 Chinese companies have already listed themselves in Zurich and London via Global Depository Receipts (GDR) - most of them over the past year - as firms looked for alternate overseas fundraising venues amid heightened Sino-U.S. tensions. More than 20 companies - including drugmaker China Meheco Group and chemicals producer Zhejiang Yongtai Technology - have unveiled plans to follow suit.
UK plays catch-up in chips war with £1bn semiconductor strategy
(Bloomberg) -- A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. sold £2.7 billion ($3.4 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsA 32-Year-Old Nears Billionaire Status by Using AI to
The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount of about 5% to LSEG's last closing price. Shares in LSEG fell as much as 5.1% at 8038 pence in early trading. The stock sale follows an earlier sale of more than $2 billion shares in March by Blackstone and Thomson Reuters, which became LSEG shareholders when they sold financial data firm Refinitiv to the bourse operator in 2021.
LONDON (Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters, the publisher of Reuters News, is looking to sell around $3 billion worth of shares in the London Stock Exchange Group, according to a term sheet shared by an investment bank involved in the sale on Tuesday. Blackstone and Thomson Reuters did not immediately respond to a request for comment. LSEG declined to comment.
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Insiders bought or sold millions of pounds' worth of these two UK stocks in recent weeks. Our writer looks at the recent news flow to decide if he should buy. The post 2 UK stocks with massive insider buying or selling! appeared first on The Motley Fool UK.
Julia Hoggett accused of being ‘bit deluded’ after arguing pay packages need to match those of US companies
Stock market reforms would ‘pass greater risk to investors’, FCA says.
Changes allow US-style ‘golden shares’ that let founders keep control of listed companies for 10 years via special voting rights
Brexit “idiocy” is to blame for shrinking the London stock market, the founder of Arm has claimed.
London Stock Exchange Group on Thursday reaffirmed financial targets for the year and secured shareholder approval for a previously announced buyback of shares from the Blackstone/Thomson Reuters consortium. LSEG bought data and analytics company Refinitiv for $27 billion from the consortium in January 2021. "As we continue our shift from integration to transformation, we are confident of making further progress through the rest of the year," LSEG Chief Executive David Schwimmer said in a first-quarter trading update.
China's ambitious plan to get its companies listed in London and Zurich stock markets needs fine-tuning, analysts say, as the sparse liquidity in traded Chinese companies there has created market arbitrage opportunities for investors. The Shanghai-London Stock Connect has seen only five Chinese companies issue Global Depository Receipts (GDRs) in London in its four years of operation, and another 13 are listed in Switzerland via a younger rival Connect link.
Singh, who is the co-head for advisers at Mastercard's data & services business, has more than 28 years of experience leading global businesses in data and analytics, capital markets, post-trade services, payments, and technology. "Satvinder (Singh) brings strong leadership experience in financial services, in many parts of the trade lifecycle," LSEG Chief Executive Officer David Schwimmer said.
London Stock Exchange Group plc ( LON:LSEG ) stock is about to trade ex-dividend in 4 days. The ex-dividend date occurs...
LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class
Edward Sheldon highlights two FTSE 100 shares with outstanding track records when it comes to generating wealth for shareholders. The post Two magnificent FTSE 100 shares for an ISA appeared first on The Motley Fool UK.
London Stock Exchange Group plc ( LON:LSEG ) has announced that it will be increasing its dividend from last year's...
Thomson Reuters, the parent company of Reuters News, said in February it planned to return $2 billion in capital to shareholders and possibly conduct a share stock split after it completes a $2 billion buyback program in the second quarter. The distribution consists of $4.67 per common share while the reverse stock split will reduce the number of outstanding common shares on a basis proportional to the cash distribution, the news and information company said in a statement.
Investors are searching for more tax-efficient options
An Australian finance company is gearing up for a £200m London listing in a boost for the City’s beleaguered stock market.
London is working to make British listings by mainland Chinese companies faster and cheaper, aiming to fend off competition from Zurich for secondary share sales in Europe, Britain's trade commissioner to China, John Edwards, said. Some Chinese firms interested in listing overseas have in recent years turned to Europe, as U.S.-listed Chinese companies have often found themselves caught in the currents of Sino-U.S. tensions. The London Stock Exchange and British officials are ramping up efforts to build a robust pipeline of Chinese firms, trading on London's status as Europe's deepest capital market.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...