|Bid||8,440.00 x 0|
|Ask||8,444.00 x 0|
|Day's range||8,416.00 - 8,628.00|
|52-week range||1,656.00 - 8,628.00|
|Beta (5Y monthly)||0.60|
|PE ratio (TTM)||61.97|
|Earnings date||28 Feb 2020 - 29 Feb 2020|
|Forward dividend & yield||0.40 (0.49%)|
|Ex-dividend date||22 Aug 2019|
|1y target est||4,810.83|
Britain's departure from the European Union has created an unprecedented sense of urgency for "full and unwavering" political backing to integrate the EU's capital market, a report said on Thursday. The EU began its capital markets union (CMU) project in 2015 to increase the role of stock and bond markets in funding companies and reduce their reliance on bank loans. Despite new laws and a reboot, results have been patchy and Brexit was a reminder of how much the EU relies on London, Europe's biggest financial centre.
Thomson Reuters Corp is close to naming former Nielsen Holdings Plc president Steve Hasker as its next chief executive, succeeding Jim Smith, according to people familiar with the matter. The appointment of Hasker, a senior adviser at private equity firm TPG and former McKinsey & Co media consultant, could be announced as soon as Tuesday, when the Toronto-based company reports its fourth-quarter results, one of the sources said. Two sources cautioned that his appointment had not been finalized and the timing of an announcement could be slightly delayed.
There is some evidence that buying progressive dividend payers with solid balance sheets is a strategy well-rewarded by the market. After all, who doesn’t like8230;
Securities settlement house Euroclear posted a record net profit of 431 million euros ($466.73 million) in 2019, up 34% on the prior year, but gave no update on whether it will shake up its ownership structure. Euroclear had been expected to give an update on a strategic review by the end of 2019. Euroclear, which settles stock trades for the London Stock Exchange, Euronext and other exchanges, said on Tuesday it would pay a full year dividend of 82.4 euros per share, up by 50% on 2018.
Britain's 1,100-year-old Royal Mint said on Monday it will launch an exchange-traded product this week backed by physical gold held in its vault in Wales, which will trade on the London Stock Exchange. The Royal Mint was forced in 2018 to freeze plans for a digital gold token after the UK government vetoed a proposal to have it trade on a cryptocurrency exchange, Reuters reported at the time.
The rationale for a "London" proposal to shorten Europe's share trading day has yet to be made, pan-European exchange Euronext boss Stephane Boujnah said on Wednesday. Asset managers and banks have called for a year-long trial of a shorter trading day to improve liquidity, help attract more women into the sector with more family-friendly working hours, and improve the mental health of traders generally. The London Stock Exchange has already held a public consultation on shortening the trading day, but has said that backing from major bourses across Europe would be needed to cut hours.
Pan-European stock market operator Euronext is looking at "all parameters" of the Swiss exchange's offer for Spain's Bolsas y Mercados Espanoles (BME) but has yet to decide whether to launch a counter-bid, Euronext boss Stephane Boujnah said on Wednesday. Swiss exchange SIX made a friendly all-cash 2.84 billion euro ($3.09 billion) offer for Madrid bourse BME in November. Euronext said at the time it was also in talks with BME with a view to a potential bid, without saying how much it was prepared to bid.
Britain is optimistic that it will get permission from the European Union for British clearing houses to continue processing trillions of pounds of derivatives for customers in the bloc, Bank of England Deputy Governor Sam Woods said. Britain left the EU last month and a "standstill" transition period is due to end on Dec. 31. The London Stock Exchange's LCH unit holds positions worth 57 trillion pounds ($74 trillion) on behalf of clients in the EU and needs permission to continue clearing for them after December.
Competition authorities may be better equipped than securities regulators to ensure that exchanges charge fair prices for data on stock prices, Europe's top asset managers and banks said on Tuesday. It marks a racheting up of pressure on European Union authorities to bring down the fees that asset managers and banks pay exchanges for data. EFAMA, which represents asset managers from across Europe, and EFSA, a forum for securities associations such as the Association for Financial Markets in Europe (AFME), said the market power of exchanges has increased significantly in recent years, especially since bourses were privatised.
Cross border supervision of major financial firms need to be worked out carefully to avoid ending up with "multiple pairs of hands on the steering wheel", Bank of England Deputy Governor Jon Cunliffe said on Tuesday. Britain left the EU last month and is seeking access to the bloc's financial market once a "business-as-usual" transition period ends in December. The London Stock Exchange's LCH unit clears the bulk of euro denominated swaps, but access to clients in the EU after December has yet to be worked out.
Pan-European stock exchange Euronext said on Wednesday it would launch a public consultation next month on whether to shorten the trading day. "In each of our six markets, we will not only consult our direct members, but also upstream buy side and retail associations and the operators of post trade processes, clearing and settlement," Euronext said in an emailed statement. Euronext is "very sensitive" to the arguments around work-life balance in the City and the need to have greater participation of women in the industry, the exchange said.
(Bloomberg Opinion) -- You know how things go with eBay Inc. You go online, ask some seller a question about that highly collectible Beanie Baby, they ignore you, and then suddenly people think you’ve lost your head over a frivolous purchase. Intercontinental Exchange Inc. must be feeling this way after the Wall Street Journal reported that the owner of the New York Stock Exchange had approached the online sales site about a takeover. Such a bid would likely be well in excess of eBay’s current $30 billion valuation. ICE “approached eBay to explore a range of potential opportunities,” according to a company statement, but eBay “has not engaged in a meaningful way.” ICE would primarily be interested in eBay’s business-to-consumer marketplace, according to the Journal. It’s not that eBay lacks attractions. For all that ICE wears smart business attire next to eBay’s Jagged Little Pill vibe, the online auctions company is actually the older business of the two — even if the heady days of the dot-com bubble have given way to an afterlife as a punching bag for activist shareholders Carl Icahn, Elliott Management Corp. and Starboard Value LP.Return on invested capital has clocked in at an average 14.5% over the past five years, well ahead of ICE’s 8.1%. Even after the spinoff of PayPal Holdings Inc. in 2014 shrank the business, operating cashflows have been consistently ahead of those at ICE despite the fact that its market capitalization is about 40% smaller.The multiple underpinning that valuation is a pedestrian 12.4 times blended forward 12-month earnings, too, compared with 22.2 at ICE. That would make an offer paid for via shares or an equity raising — likely the only way ICE could finance such a large deal, given its spare $3.3 billion of annual Ebitda — an attractive option for the exchange’s shareholders.At the same time, it’s hard to see why ICE should be a natural home for eBay. Both businesses are, in the broadest sense, “marketplaces.” But that doesn’t mean ICE ought to be going round buying up real estate in European town centers because they host things that are also known as marketplaces.In everything but the dictionary sense, there couldn’t be a greater difference between the sort of market operated by ICE — where the main participants are huge financial institutions, trades happen within milliseconds, and all but a fraction of transactions are on the secondary market — and eBay’s slower-paced online bazaar, where around four-fifths of activity is business-to-consumer, and business-to-business sales are almost irrelevant.As the owners of a stock exchange, you’d hope that ICE is well aware that most takeovers end up destroying shareholder value. The only exceptions are generally deals where the opportunities to save money by cutting costs and finding synergies are substantial, or where the target owns some vital expertise or intellectual property. If that is the case, it’s frankly a bit concerning. While gross merchandise volume on eBay’s platform amounted to some $90 billion in 2018, the New York Stock Exchange alone sees annual turnover of more than $8.22 trillion, not to mention the ICE’s substantial commodities and fixed income businesses. If there’s something material that ICE has to learn from eBay, that doesn’t say much about the exchange’s business.Exchanges are a small and incestuous world. With recent takeovers such as CBOE Global Markets Inc.’s 2016 purchase of Bats Global Markets Inc. and CME Group Inc.’s purchase of NEX Group Plc, there are precious few obvious deals left — especially as mooted Hong Kong-London, London-Frankfurt and Singapore-Sydney tie-ups in recent years ended up being rejected or blocked. That’s a problem for an industry that’s not doing much better than covering its cost of capital and wants to find new sources of income.Purchasing exchange-adjacent businesses is one option, as demonstrated by London Stock Exchange Group Plc’s purchase of Refinitiv, a financial-data company and competitor to Bloomberg LP. But while that deal may have made some sense given how much money exchanges make from data services, it’s hard to make the same argument for eBay — unless ICE really does want to get into clearing Beanie Baby futures.We’ve all gone and bought something online that we later regret. ICE should avoid doing so in this instance.To contact the author of this story: David Fickling at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It has long been understood that cheap stocks have a tendency to outperform expensive stocks in the stock market. While this is not true every single year, ove8230;
The European Union's markets watchdog has proposed stricter conditions on share trading off an exchange and on "dark pools", saying the bloc's securities rules have failed to reduce their influence. In a public consultation paper it also proposed making clear that EU investors could trade UK shares in London in a move to reduce the likelihood of Britain retaliating. The EU's MiFID II securities rules introduced in 2018 sought to push more share trading onto transparent exchanges to better protect investors, away from dark pools where users have some degree of anonymity.
This FTSE 100 stock has grown into a world leader over the past decade, and it shows no sign of slowing down. The post Forget buy-to-let! I’d buy this FTSE 100 share that’s turned £1k into £14k appeared first on The Motley Fool UK.
Banks and asset managers called on Thursday for a one-year trial of a shorter trading day for European stock exchanges to make markets more efficient, lift volumes and attract more women. The Association for Financial Markets in Europe (AFME) banking lobby and the Investment Association (IA), which represent asset managers, said in a statement the London Stock Exchange trading day should be cut by 90 minutes to seven hours. "AFME and the IA would also support a 12-month pilot across all major European exchanges and trading venues in order to test market structure benefits and impacts," they added.
Two leading financial industry bodies have called for a one-year trial of a shorter trading day for European stock exchanges to make markets more efficient, lift volumes, and attract more women to the sector. The Association for Financial Markets in Europe (AFME), a banking lobby, and the Investment Association (IA), which represent asset managers, said trading on the London Stock Exchange should be cut by 90 minutes, shrinking the trading day to seven hours. "AFME and the IA would also support a 12-month pilot across all major European exchanges and trading venues in order to test market structure benefits and impacts," the industry bodies said in a statement on Thursday.
The Association for Financial Markets in Europe (AFME) and the Investment Association (IA) want to stock market to be open for 90 minutes fewer each day.
European competition authorities are expected to rule on the London Stock Exchange's $27 billion takeover of data and analytics company Refinitiv "around the summer", an LSE board member said on Tuesday. "The Milan stock exchange is a strategic asset for LSE, it is not up for sale at the moment", LSE director Raffaele Jerusalmi, who is also the chief executive of Borsa Italiana, said on the sideline of an event in Milan.
LSE shares have increased in value over 1,000% and did exceptionally well in 2019. Can this trend continue? The post This is how much £1k invested in LSE shares 10 years ago would be worth now appeared first on The Motley Fool UK.
Smart meter provider Calisen confirmed on Thursday it will seek a listing on the London Stock Exchange next month, with a 300 million pounds ($391.08 million) share offer that could set a 1.5 billion valuation on the private equity-owned firm. The offering, which will comprise of new shares and existing shared owned by KKR and other manager investors, follows a weak year for equity capital raising in London, with IPOs falling to to their lowest level in a decade in 2019, Refinitiv data showed. The final offer price will be determined following a book-building process, with admission currently expected in February.
International investors own a record high of 55% of all UK-listed shares by value, the Office for National Statistics said on Tuesday.