LSE.L - London Stock Exchange Group plc

LSE - LSE Delayed price. Currency in GBp
3,846.00
+62.00 (+1.64%)
At close: 5:02PM GMT
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Previous close3,784.00
Open3,776.00
Bid0.00 x 47300
Ask0.00 x 7000
Day's range3,776.00 - 3,881.00
52-week range2,611.00 - 4,069.00
Volume1,007,712
Avg. volume641,576
Market cap13.32B
Beta1.29
PE ratio (TTM)40.36
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.37 (0.73%)
Ex-dividend date2017-08-24
1y target estN/A
  • Reuters4 days ago

    Cabot Credit Management latest victim of London IPO market, Bakkavor trades up

    Britain's biggest debt collector Cabot Credit Management (IPO-CAB.L) abandoned its plan on Thursday for an initial public offering (IPO), the latest in a string of companies to ditch attempts to list on the London Stock Exchange. The IPO market has been muted since the country voted to leave the European Union in June 2016, making firms skittish about market launches. Ready meals firm Bakkavor Group (BAKK.L), which this month pulled but then resurrected its market debut plan, was trading up 5 percent at 189 pence by 1527 GMT.

  • Reuters - UK Focus4 days ago

    Cabot Credit Management drops LSE IPO plans

    Britain's biggest debt collector Cabot Credit Management (IPO-CAB.L) said on Thursday it would not be proceeding with its initial public offering on the London Stock Exchange. "The Board believes proceeding with the transaction would not be in the best interest of the company or its shareholders, given the current IPO and broader market conditions," the company said in a statement. In October, Cabot said it would list on the London Stock Exchange, targeting a 1 billion-pound ($1.3 billion) market capitalisation, a source familiar with the matter told Reuters.

  • Reuters4 days ago

    Investor TCI demands LSE answer more questions in board tussle

    Activist investor TCI has demanded the London Stock Exchange (LSE.L) answer a series of questions ahead of a shareholder meeting called by the fund to oust the chairman over his handling of the planned replacement of its chief executive. Among the questions TCI wants answered by the LSE board before the meeting, the date of which has yet to be set, are the specific reasons behind the exit of CEO Xavier Rolet, who TCI said in a letter dated Nov. 15 was "dismissed". The letter is the latest salvo by TCI founder Chris Hohn in his battle to overturn the decision to replace Rolet, who has presided over a period of stellar growth for the City institution that has seen its shares surge in value.

  • Reuters - UK Focus5 days ago

    Investor TCI demands UK's LSE answer more questions in board tussle

    Activist investor TCI has demanded the London Stock Exchange (Other OTC: LDNXF - news) answer a series of questions ahead of a shareholder meeting called by the fund to oust the chairman over his handling of the planned replacement of its chief executive. Among the questions TCI wants answered by the LSE board before the meeting, the date of which has yet to be set, are the specific reasons behind the exit of CEO Xavier Rolet, who TCI said in a letter dated Nov. 15 was "dismissed". TCI said investors needed to know if concerns about Rolet's performance or other business reason drove the decision, whether Rolet was still fit to remain as CEO and how the board assessed risks of removing him.

  • Reuters5 days ago

    London Stock Exchange says will give 'all facts' on CEO departure

    The London Stock Exchange said on Wednesday it will provide "all the facts necessary" for shareholders to vote on how its chairman handled the planned departure of chief executive Xavier Rolet. "The letter calls on us to provide clarity to shareholders," the LSE said in a statement.

  • The Wall Street Journal5 days ago

    [$$] How Not to Handle Activist Investors: A Lesson From London

    The London Stock Exchange Group and its chairman, Donald Brydon, seem to be writing a case study in how not to deal with an activist.

  • JPMorgan says fears Brexit day upheaval if UK clearing houses cut off
    Reuters5 days ago

    JPMorgan says fears Brexit day upheaval if UK clearing houses cut off

    Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan (JPM.N) bank official said on Wednesday. Sally Dewar, international head of regulatory affairs at the U.S. bank, said that without European Union recognition of UK clearers before Britain's departure from the bloc in March 2019, there could be significant market disruption. Under current EU rules, a British clearing house could not obtain this recognition until after Brexit.

  • Reuters - UK Focus5 days ago

    JPMorgan says fears Brexit day upheaval if UK clearing houses cut off

    Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan (LSE: JPIU.L - news) bank official said on Wednesday. Sally Dewar, international head of regulatory affairs at the U.S. bank, said that without European Union recognition of UK clearers before Britain's departure from the bloc in March 2019, there could be significant market disruption. Under current EU rules, a British clearing house could not obtain this recognition until after Brexit.

  • London Stock Exchange owner cancels talks with activist TCI as feud intensifies
    Sky News5 days ago

    London Stock Exchange owner cancels talks with activist TCI as feud intensifies

    The London Stock Exchange's (LSE) owner has called off talks with ‎the activist investor who wants to oust its chairman, stoking tensions between the two sides ahead of a crucial shareholder vote. Sky News has learnt that the company has written to Sir Christopher Hohn, founder of The Children's Investment Fund Management (TCI), to withdraw an invitation to him to address its board at a specially convened meeting this week. Sources close to the increasingly hostile situation said on Wednesday that the LSE Group had made the decision because its invitation had been extended prior to TCI's move last week to call an extraordinary general meeting (EGM) aimed at ousting chairman Donald Brydon.

  • Reuters5 days ago

    LSE Group lobbies for U.S support in Brexit clearing battle

    WASHINGTON/LONDON (Reuters) - The London Stock Exchange Group is lobbying to win American political support in its battle with Europe to preserve London as a global financial centre after Brexit. LCH, the clearing arm of the LSE, is among the world's biggest derivatives clearing houses, guaranteeing the completion of hundreds of billions of euro- and dollar-denominated trades. As part of the Brexit divorce, Brussels would like clearing of euro-denominated transactions to be relocated to Europe, if it can't have some control of it in London.

  • Stock exchange crisis ‎deepens as board rallies behind chairman
    Sky News7 days ago

    Stock exchange crisis ‎deepens as board rallies behind chairman

    The boardroom crisis ‎engulfing the owner of the London Stock Exchange (Other OTC: LDNXF - news) (LSE) threatened to deepen this weekend amid concerns that a string of directors will resign if an investor succeeds in ousting its chairman. Sky News has learnt that a number of the London Stock Exchange Group's non-executive directors have begun to privately acknowledge that their tenure will become untenable if Donald Brydon is forced out of the company in the next few weeks. Mr Brydon's position has become precarious after The Children's Investment Fund Management (TCI) called an extraordinary shareholder meeting to remove Mr Brydon, a City veteran, and hand chief executive Xavier Rolet a new four-year contract.

  • Reuters - UK Focus10 days ago

    Norway's wealth fund seeks better currency market deal for clients

    Norway's $1 trillion sovereign wealth fund, the world's largest, on Friday called for more transparency in global foreign exchange markets to cut the cost of transactions and make them more efficient. Changes in currency trading should seek a more level playing field for clients in order to cut excess profits for dealers and ensure a better risk balance, Norges Bank Investment Management (NBIM), which runs the fund, said. The reform proposals came in a policy paper that it said could lead to changes in its trading relationships.

  • Reuters10 days ago

    LSE to hold vote on investor's call to oust chairman

    TCI had called for a vote to remove Brydon, saying the company had not explained why Rolet was leaving and that it also wanted the company to persuade Rolet to extend his tenure until 2021. LSE said on Oct. 19 that Rolet would step down by the end of 2018, nearly a decade after he took charge. TCI, led by British billionaire Chris Hohn, first complained about Rolet's planned exit in a letter to the LSE last Friday.

  • Reuters - UK Focus10 days ago

    LSE to hold vote on investor's call to oust chairman

    London Stock Exchange Group will fix a date within three weeks for a shareholder vote on the removal of Chairman Donald Brydon and retention of CEO Xavier Rolet at the behest of activist investor TCI Fund Management, it said on Friday. TCI had called for a vote to remove Brydon, saying the company had not explained why Rolet was leaving and that it also wanted the company to persuade Rolet to extend his tenure until 2021. 19 that Rolet would step down by the end of 2018, nearly a decade after he took charge.

  • The Wall Street Journal10 days ago

    [$$] LSE to Call Vote on Future of CEO Amid Pressure From Activist

    London Stock Exchange will hold a shareholder vote on whether to end the board’s search for a new chief executive and keep Xavier Rolet in the role until 2021 as requested by activist investor TCI Fund ...

  • Reuters10 days ago

    UK ready meals maker Bakkavor gets IPO away after price cut

    Bakkavor (BAKK.L), a ready meals supplier to major food retailers in Britain, has gone ahead with its stockmarket flotation just a week on from shelving the deal, after cutting the price to value itself at 1 billion pounds ($1.3 billion). It generated revenues of almost 1.8 billion pounds and a pretax profit of 63.1 million pounds last year.

  • Reuters10 days ago

    Activist TCI calls for shareholder vote on removing LSE chairman

    Activist investor TCI Fund Management called on Thursday for a shareholder meeting to vote on removing London Stock Exchange (LSE.L) Chairman Donald Brydon, saying the company had not explained why Chief Executive Xavier Rolet was leaving. TCI said in a letter to the LSE that it also wanted the company to terminate its search for a new CEO and, if Rolet accepts, extend his tenure until 2021. Activist investors typically push for CEOs to leave a company in order to make changes that benefit the share price, but under Rolet's tenure the LSE's stock has risen from around 6 pounds to 37 pounds.

  • The Wall Street Journal10 days ago

    [$$] U.K. Activist Investor Seeks Shareholder Vote to Remove LSE Chairman

    U.K. activist investor TCI Fund Management Ltd. ratcheted up pressure on London Stock Exchange Group PLC to allow its current chief executive to remain in place by compelling the company to hold a shareholder ...

  • London Stock Exchange investor moves to oust chairman
    Sky News10 days ago

    London Stock Exchange investor moves to oust chairman

    An activist investor campaigning for the boss of the London Stock Exchange Group (LSE) to extend his tenure has launched a move to oust the company's chairman. The Children's Investment Fund (TCI) has written to the LSE's board to requisition an extraordinary general meeting aimed at removing Donald Brydon, confirming a story first reported by Sky News . TCI also said in its letter that it wanted the company to end its search for a new chief executive to replace current boss Xavier Rolet - whose planned departure by the end of next year was announced last month.

  • Reuters - UK Focus11 days ago

    Activist TCI calls for shareholder vote on removing LSE chairman

    Activist investor TCI Fund Management called on Thursday for a shareholder meeting to vote on removing London Stock Exchange Chairman Donald Brydon, saying the company had not explained why Chief Executive Xavier Rolet was leaving. Activist investors typically push for CEOs to leave a company in order to make changes that benefit the share price, but under Rolet's tenure the LSE's stock has risen from around 6 pounds ($7.90) to 37 pounds. "Xavier has been a very successful CEO of the London Stock Exchange and he’s created a lot of value for shareholders," a top-25 shareholder told Reuters.

  • UK to provide Saudi Aramco with $2 billion credit guarantees
    Reuters11 days ago

    UK to provide Saudi Aramco with $2 billion credit guarantees

    Britain will provide $2 billion (1.52 billion pounds) in credit guarantees to Saudi Aramco (IPO-ARMO.SE) so it can buy British goods and services more easily, but denied it was part of efforts to persuade the energy giant to list its shares in London. The loan agreement comes as London Stock Exchange (LSE.L), with backing from Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO), which is expected to be the biggest float ever. A spokesman for Britain's finance ministry said the guarantees were not part of the country's attempt to secure the IPO for London.

  • Reuters - UK Focus11 days ago

    UK to provide Saudi Aramco with $2 bln credit guarantees

    Britain will provide $2 billion in credit guarantees to Saudi Aramco (IPO-ARMO.SE) so it can buy British goods and services more easily, but denied it was part of efforts to persuade the energy giant to list its shares in London. The loan agreement comes as London Stock Exchange (Other OTC: LDNXF - news) , with backing from Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO), which is expected to be the biggest float ever.

  • Hedge Fund Wins Backer in Rift to Keep LSE's Rolet as CEO
    Bloomberg11 days ago

    Hedge Fund Wins Backer in Rift to Keep LSE's Rolet as CEO

    London Stock Exchange Group Plc shareholder Egerton Capital says it supports TCI Fund Management Ltd., the activist hedge fund mounting a heated campaign to keep Chief Executive Officer Xavier Rolet at ...

  • Reuters11 days ago

    EU watchdog sides with exchanges over new trading rules

    The European Union's markets watchdog has proposed a tightening in share trading rules within the bloc's MiFID II reform, marking a victory for exchanges at the expense of big banks only weeks before the new rules come into force. The European Securities and Markets Authority (ESMA) has proposed that shares traded privately inside banks should be in the same price increments, or "tick size", as on public exchanges such as Deutsche Boerse, Euronext or Nasdaq.

  • Reuters - UK Focus11 days ago

    EU watchdog sides with exchanges over new trading rules

    The European Union's markets watchdog has proposed a tightening in share trading rules within the bloc's MiFID II reform, marking a victory for exchanges at the expense of big banks only weeks before the new rules come into force. The European Securities and Markets Authority (ESMA) has proposed that shares traded privately inside banks should be in the same price increments, or "tick size", as on public exchanges such as Deutsche Boerse (IOB: 0H3T.IL - news) , Euronext (Euronext: ENX.LS - news) or Nasdaq (Frankfurt: 813516 - news) .

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