|Bid||5,598.00 x 47300|
|Ask||5,600.00 x 7000|
|Day's range||5,498.00 - 5,600.02|
|52-week range||3,842.00 - 5,600.02|
|Beta (3Y monthly)||0.20|
|PE ratio (TTM)||41.16|
|Earnings date||1 Aug 2019|
|Forward dividend & yield||0.86 (1.58%)|
|1y target est||4,810.83|
Trainline's planned share listing on the London Stock Exchange is expected to price at 350 pence per share, the top end of its targeted range, implying a total valuation for the company of up to £1.7 billion, a bookrunner said. Bookrunners had initially estimated a price range of 318 pence to 360 pence, before tightening it to between 340 pence and 355 pence. Pricing is expected on Friday and books, which were covered throughout the price range on the full deal size by June 13, will close at 1200 GMT.
Trainline's planned share listing on the London Stock Exchange is expected to price at 350 pence per share, the top end of its targeted range, implying a total valuation for the company of up to 1.7 billion pounds, a bookrunner said. Bookrunners had initially estimated a price range of 318 pence to 360 pence, before tightening it to between 340 pence and 355 pence. Pricing is expected on Friday and books, which were covered throughout the price range on the full deal size by June 13, will close at 1200 GMT.
BRUSSELS/ZURICH, June 18 (Reuters) - Swiss exchanges risk losing direct access to European Union investors from July 1 in a potential blow to Switzerland's financial industry after the bloc said on Tuesday there had been no progress in talks with Bern over a new partnership treaty. The Swiss government said it will retaliate with measures to defend Swiss stock exchanges if the EU blocks their access to its investors, saying talks on a partnership treaty should not be linked to the so-called equivalence regime. Swiss-EU relations suffered in 1992 when Swiss voters rejected joining the European Economic Area, leading to a negotiated patchwork of 120 accords that now govern ties.
Irish pharmaceutical wholesale and retailing group Uniphar plans to raise up to 150 million euros ($167 million) from a placing of new shares in London and Dublin, it said on Monday. The company will use the fresh capital from the initial public offering (IPO) to pay for acquisitions, growth and to reduce debt. The shares will be listed on London's Alternative Investment Market (AIM) and Euronext Growth in Dublin.
(Bloomberg) -- U.K.-listed companies will be able to sell shares in China starting Monday as a new London-Shanghai stock link opens for business. It will be the first time foreign companies are able to list in mainland China, the U.K. government said in a statement.“Stock Connect is a ground-breaking initiative, which will deepen our global connectivity as we look outwards to new opportunities in Asia,” U.K. Chancellor of the Exchequer Philip Hammond will say as he launches the initiative’s first day of trading at the London Stock Exchange.Monday’s opening will give investors in London the opportunity to trade global depositary receipts for Huatai, the technology-enabled securities group in China.The London-Shanghai Stock Connect has taken four years to prepare. It’s beginning at a sensitive time, with Britain’s government in turmoil after Prime Minister Theresa May resigned over her failure to complete the U.K.’s divorce from the European Union.A contest is under way to elect her successor as leader of the U.K.’s ruling Conservative Party, and the outcome of that race is set to have a profound impact on the direction of British trade policy with the EU and the rest of the world.Deepening trade links with Asia is a key U.K. goal as it leaves the EU, and Hammond will celebrate the Stock Connect launch when he welcomes Vice Premier Hu Chunhua and a delegation from the Chinese government to London for talks on Monday.To contact the reporter on this story: Tim Ross in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Flavia Krause-Jackson at email@example.com, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that finance minister Philip Hammond called a chance to deepen "global connectivity". Under the Connect scheme, Shanghai-listed companies can raise new funds via London's stock market while British companies can broaden their investor base by selling existing shares in Shanghai. The project was intended to begin late last year with the December listing of Chinese brokerage Huatai, backed by Alibaba Group Holding Ltd. But the listing was delayed at the last minute.
Books are covered throughout the price range on the full deal size, the bookrunners said. Bookrunners estimate a price range of 318 pence to 360 pence which implies a total value of about 693 million pounds to about 780 million pounds, including a greenshoe option to sell an extra allotment of shares to investors. Trainline, a familiar brand to British travellers, is looking to trade on the main market of the London Stock Exchange, using its premium listing segment, selling 25 percent of new and existing shares.
The brokerage plans to sell as many as 82.5 million global depositary receipts in a range between $20 and $24.50, Huatai told the London Stock Exchange Tuesday. The Shanghai Stock Exchange had said Huatai would be the first issuer to use that program’s cross-listing rules. For China, the move is part of a broader effort to integrate its markets with global finance and internationalize its currency.
Huatai Securities on Tuesday set a price range of $20 to $24.50 per global depositary receipt to raise $1.2 billion, becoming the first Chinese company to sell shares in London in a deal set to value the brokerage up to $1.8 billion, one of the bookrunners handling the sale said. Huatai share sale will effectively launch the long-awaited London-Shanghai stock connect project that was intended to begin late last year. A planned December listing of Huatai shares in London was delayed at the last minute, with sources then citing uncertainty about how China's government would treat any currency conversion back into yuan.
Euroclear is open to a "fundamental transformation", either through a listing or placing shares with major investors, but is ruling out a merger, the chief executive of Europe's biggest stock and bond settlement house said. Euroclear is a cornerstone of Europe's financial plumbing, ensuring the completion of securities transactions worth 791 trillion euros ($893 trillion) last year. It looked after nearly 29 trillion euros of assets in 2018, about half the European settlement market, and announced in March it has hired Goldman Sachs to look at strategic options, barely a year after Lieve Mostrey became its chief executive.
Big cross-border mergers in stock exchanges look "hard" given political opposition to opening up bourses to foreign ownership, London Stock Exchange Group Chief Executive David Schwimmer said on Wednesday. "There have been some big painful failures out there in the industry," Schwimmer told the annual FIA IDX derivatives industry conference. The LSE has failed several times to merge with rival Deutsche Boerse, the most recent attempt ending with Schwimmer's appointment as CEO last August.
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is a 'no-deal' Brexit, investors in the bloc would only be able to trade shares which are listed in continental Europe as well as 14 which have a listing in Britain. London is the centre for share trading in Europe, even for many non-UK shares, leaving EU asset managers facing a split pool of liquidity and less competitive prices.
Policymakers should "tether" London to the European Union to avoid isolating the region's largest financial hub, harming the euro zone economy and spawning an offshore financial centre, the head of the U.S. derivatives watchdog said. "It is clear that London is shedding, and will continue to shed, a not insignificant amount of its financial service offerings and specialties to other European financial centers as a result of Brexit," Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), said on Tuesday. Banks, insurers and asset managers using London as a gateway to investors across the EU have opened hubs in Dublin, Paris, Frankfurt, Amsterdam and Luxembourg to maintain customer links.
Dividend paying stocks like London Stock Exchange Group plc (LON:LSE) tend to be popular with investors, and for good...
Britain's Trainline plans to list on the London Stock Exchange in June to raise its profile and tap into the growing demand for e-ticketed travel across Europe. The independent rail and coach travel firm, which sells tickets via its website and mobile app, is looking to raise 75 million pounds through the issue of new shares. Political uncertainty around Britain's departure from the European Union sparked market turbulence in the first quarter of the year, with proceeds from European listings dipping to a 10-year low of $292 million.
Britain's trainline Victoria investments said on Wednesday it plans list on the London Stock Exchange in June, rasing 75 million pounds , to increase growth. The independent rail and coach travel firm, ...
FTSE Russell is forging ahead with plans to add Chinese "A shares" to its widely-tracked global benchmarks next month, a senior executive said, as China's resolve to open its capital markets appears unaffected by an ongoing trade war with the United States. "There is no doubt some foreign investors feel uncertainty and volatility under this current political climate," Jessie Pak, Asia Managing Director for the global index publisher, told Reuters in an interview on Friday. Trade tensions between the world's top two economies has roiled Chinese stock markets and the yuan currency, sapping foreigners' appetite for China assets in recent weeks.
The exchange is banking on partnerships with African exchanges, including those in Nigeria and Kenya, for dual listings, according to Director of Emerging Markets and International Markets Ibukun Adebayo. “If a company has an international strategic growth plan, then the LSE is a perfect vehicle for the company to come and list,” Adebayo said Tuesday in an interview in Nairobi.
A tie-up between London and Shanghai to allow Chinese firms to raise money on the UK stock market and British firms to sell shares in China is facing a long delay and is not likely to happen this year, sources close to the matter said. The Shanghai-London Stock Connect project started in 2015 and was embraced by the London Stock Exchange as one that would give Britain a lead in tapping Chinese investors who are currently not able to invest overseas. It would also allow companies on the Shanghai Stock Exchange (SSE) to launch secondary offerings in London.