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London Stock Exchange Group PLC (LSE.L)

LSE.L on London Stock Exchange

3,099.00GBp
9:51am EDT
Change (% chg)

75.00 (+2.48%)
Prev Close
3,024.00
Open
3,044.00
Day's High
3,139.00
Day's Low
3,001.00
Volume
556,978
Avg. Vol
681,131
52-wk High
3,390.94
52-wk Low
2,259.00

Latest Key Developments (Source: Significant Developments)

Euronext reiterates interest in LCH clearing business
7:58am EDT 

Euronext : Has noted EU antitrust regulators' decision to block LSE/Deutsche Boerse deal . The LSE's clearing arm, LCH, is one of the world's biggest, and the exchange had agreed to sell its LCH's Paris arm to French bourse Euronext if the merger went ahead. That sale will now not happen, the LSE said. .Euronext Chief Executive Stephane Boujnah said on Wednesday that it was still willing to buy the LCH clearing business. [nL5N1H6264].  Full Article

LSE announces additional market for issuance of primary debt
Thursday, 9 Mar 2017 05:01am EST 

London Stock Exchange : Announces additional market for issuance of primary debt targeted at institutional and professional investors .Exchange-regulated multilateral trading facility (MTF) market will operate alongside co's other markets.  Full Article

London Stock Exchange full-year profit rises
Friday, 3 Mar 2017 02:00am EST 

London Stock Exchange Group Plc : Final results . FY total income up 17 pct to £1,657.1 million (2015: £1,418.6 million) . FY total revenue up 14 pct to £1,515.6 million (2015: £1,324.7 million) . FY adjusted operating expenses 2 continue to be well controlled, at £791.6 million - up 4 pct on an organic and constant currency basis . FY adjusted operating profit 2 up 17 pct at £685.8 million (2015: £584.7 million) . FY adjusted EPS 2 up 21 pct at 124.7 pence (2015: 103.4 pence); basic EPS of 63.8 pence (2015: 74.8 pence) . Proposed final dividend increased to 31.2 pence per share - a 20 pct increase in full year dividend to 43.2 pence per share . Final dividend 31.2 penceper share . Total dividend up 20 percent to 43.2 penceper share .Continues to work hard on its proposed merger with Deutsche Börse Ag - awaiting outcome of european commission phase II process on or before 3 April 2017.  Full Article

Deutsche Boerse says LSE has resolved to not commit to required divestment by European Commission
Sunday, 26 Feb 2017 05:46pm EST 

Deutsche Boerse Ag : Recommended merger of co and LSE, decision to not submit a divestment of MTS as improved remedy to European Commission . Currently expect decision by the european commission on the merger of dbag and lseg by the end of march 2017 . Merger parties will await the further assessment by the european commission .LSEG has resolved tonight to not commit to the required divestment by the commission of LSEG's majority stake in MTS S.P.A..  Full Article

LSE says it believes European Commission unlikely to provide clearance for Deutsche Boerse merger
Sunday, 26 Feb 2017 04:07pm EST 

London Stock Exchange Group Plc : Update on the European Commission phase ii proceedings . On feb 16, commission raised new concerns about viability of lch sa remedy in relation to access to bond, repo trading feeds provided by MTS SPA . Merger parties presented improved remedy to complement divestment of LCH SA, which addressed the commission’s specific concerns . Improved remedy was rejected by the European Commission . Commission required parties commit to divestment of LSEG’s majority stake in mts to secure clearance for merger with Deutsche Boerse Ag . Commission requested that parties submit remedy proposal for divestment of LSEG's majority stake in MTS by 12pm (cet) on feb 27 . Following dialogue with Italian authorities, LSEG board believes it is highly unlikely that sale of MTS could be satisfactorily achieved . Board today concluded that it could not commit to the divestment of MTS, therefore not be submitting remedy proposal with respect to mts .LSEG believes that the European Commission is unlikely to provide clearance for merger with Deutsche Boerse.  Full Article

LSE Group updates on aggregate dividend
Thursday, 16 Feb 2017 02:00am EST 

London Stock Exchange Group Plc : Dividend update .Aggregate dividend entitlement will be split between LSEG final ordinary dividend for FY2016 and a separate special dividend..  Full Article

London Stock Exchange says submitted documents to European Commision
Tuesday, 7 Feb 2017 02:00am EST 

London Stock Exchange Group Plc : London stock exchange > - Confirm that they have submitted commitments, comprising proposed sale of LCH SA , in response to preliminary competition concerns raised and with a view to obtaining commission clearance of merger . Commission will now market test commitments .As a result of this development, commission's review timetable is automatically extended by 15 working days to 3 april 2017..  Full Article

Deutsche Boerse, LSE Group to submit divestment of LCH.Clearnet to address anti-trust concerns raised by European Commission in relation to merger
Monday, 6 Feb 2017 06:32pm EST 

Deutsche Boerse Ag :Deutsche Boerse - Co, LSE Group to submit divestment of LCH.Clearnet to address anti-trust concerns raised by European Commission in relation to merger.  Full Article

Euronext makes irrevocable cash offer to acquire LCH.Clearnet
Tuesday, 3 Jan 2017 02:02am EST 

Euronext NV : Acquisition price of 510 million euros ($533.92 million) (subject to a closing adjustment and including excess capital) for 100 pct of Clearnet . Expected pre-tax operating cost synergies of 13 million euros and additional opportunities for revenue synergies . Completion of contemplated transaction is subject to various conditions, including closing of merger between Deutsche Börse AG ("DB") and LSEG . Continues to explore options for derivatives clearing after expiry of cash equities and derivatives clearing agreements with Clearnet in December 2018 . Annual pre-tax operating cost synergies are expected to amount to circa 13 million euros per year (on a gross basis) . One-Off costs related to transaction expenses, carve-out and integration of Clearnet and implementation of cost optimisation plan are estimated at circa 40 million euros . Transaction is expected to be double-digit accretive to co's earnings from first full year post completion, excluding integration costs and before synergies .Rothschild is acting as sole financial adviser to co on this transaction.  Full Article

LSEG says in exclusive talks with Euronext over French LCH Clearnet ops
Tuesday, 20 Dec 2016 02:32am EST 

London Stock Exchange Group Plc : Update on potential sale of LCH SA . Exploring option in order to enable lseg to address proactively anti-trust concerns raised By European Commission in relation to certain businesses . LSEG and LCH Group Limited are exploring sale of LCH SA .LSEG and LCH Group announce that they have entered into exclusive discussions with Euronext NV.  Full Article

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Choppy trading in LSE shares after EU blocks Deutsche-Boerse deal

LONDON Shares of London Stock Exchange Group shares rose as much as 3.6 percent in a spike in volumes in the minutes following the EU's decision to block its merger with Deutsche Boerse with traders citing talk that a possible counteroffer from a U.S.-based exchange may emerge.