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London Stock Exchange Group PLC (LSE.L)

LSE.L on London Stock Exchange

22 Jul 2016
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5.00p (+0.18%)
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Latest Key Developments (Source: Significant Developments)

ISE sale clears one hurdle for LSEG, Deutsche Boerse deal
Wednesday, 29 Jun 2016 02:08am EDT 

London Stock Exchange Group Plc : The recommended all-share merger between London Stock Exchange Group plc and Deutsche Börse is subject to certain Conditions, including one that relates to ISE . ISE disposal is subject to customary closing conditions which will be satisfied shortly and, accordingly, completion of ISE disposal is expected to take place on or around 30 June 2016. .Upon completion of ISE disposal, ISE will cease to form part of Deutsche Börse group and therefore ise condition will no longer be required as a condition to either LSEG acquisition or Deutsche Börse acquisition..  Full Article

Deutsche Boerse says FY profit forecast remains valid
Tuesday, 28 Jun 2016 07:45am EDT 

Deutsche Boerse :Chairman and members of management board of Deutsche Boerse confirm that Deutsche Boerse profit forecast remains valid.  Full Article

Shares in LSE Group fall as much as 15.9 pct after Brexit vote
Friday, 24 Jun 2016 03:10am EDT 

: Shares In London Stock Exchange Group fall as much as 15.9 percent after Brexit vote Further company coverage: [LSE.L] ((Bengaluru Newsroom +918067491136;)).  Full Article

LSE says remains committed to Deutsche Boerse deal
Friday, 24 Jun 2016 02:58am EDT 

London Stock Exchange Group Plc : Statement by LSEG and Deutsche Börse . Note result of uk referendum which recorded a majority of votes in favour of leaving european union . Boards believe that outcome of referendum does not impact compelling strategic rationale of merger . Lseg board and deutsche börse management board remain fully committed to agreed and binding merger terms, and continue process of obtaining necessary approvals . Boards continue to recommend that lseg shareholders vote in favour of merger . "convinced that importance of proposed combination of deutsche börse and lseg has increased even further" .Referendum committee will meet as frequently as necessary to consider developments and their implications for combined group.  Full Article

LSE Group says completed sale of Frank Russell's asset management business
Wednesday, 1 Jun 2016 10:38am EDT 

London Stock Exchange Group Plc : Completion of sale of Frank Russell Company's asset management business . Has completed sale of Frank Russell Company's asset management business . Expected net proceeds to be realised by LSEG will be approximately us$920 million (634 million stg), as previously indicated, .Has received cash proceeds at closing, net of payment of tax on gains, of approximately $650 million (448 million stg).  Full Article

Deutsche Boerse CEO sees continued progress in talks with regulators
Wednesday, 1 Jun 2016 10:24am EDT 

London Stock Exchange Group: Expect to make "continued" good progress on discussions with regulators in coming months- Deutsche Boerse CEO Carsten Kengeter . LSE Group says anti-trust applications will be filed late in the month of june - conf call . Deutsche Borse CEO says LCH and Eurex will remain separate clearing houses after deal - conf call . No need to speculate at all on German state of Hesse review of merger- Deutsche Boerse CEO Carsten Kengeter . LSE's Xavier Rolet says expects to make announcement regarding sale of Russell Investment shortly . LSE's Xavier Rolet says no need to increase capital at LSEG clearing houses for now (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

LSE says shareholders to vote on Deutsche Borse deal on July 4
Wednesday, 1 Jun 2016 08:18am EDT 

London Stock Exchange Group Plc : LSEG shareholders will be asked to approve scheme and merger at court meeting and LSEG general meeting on July 4 2016 . Deutsche Börse shareholders can tender their shares from today until July 12 2016 (24:00 hours CEST) . Expect that quantified revenue synergies of at least eur 250 million will be realised progressively . Boards believe that in order to achieve aforementioned cost synergies in 3rd after merger there could be overall potential job reduction of about 1,250 existing roles . Anticipated that headcount reductions arising due to merger will be mitigated by further job opportunities over medium term . Outcome of united kingdom referendum on membership of european union is not a condition of merger . Also believe that over 200 new roles could be created as a result of proposed growth initiatives referred to in sub-paragraphs .Is expected that holdco board will subsequently be reduced to 14 directors; non-executive director nominated by LSEG and deutsche börse will stand down..  Full Article

Euronext CEO eyeing assets from LSE-DB deal, other bourses
Friday, 13 May 2016 03:44am EDT 

Euronext CEO says : About LSE-Deutsche borse deal that large-scale transactions usually take longer than expected and never end as initially planned ."Transformational" tie-ups could involve possible assets for sale from LSE-DB deal, says other independent exchanges could consider strategic opportunities.  Full Article

Dual HQs are important part of Deutsche Boerse-LSE merger - Boerse CEO
Thursday, 12 May 2016 05:30am EDT 

Deutsche Boerse : CEO says proximity to Bundesbank and ECB is what London needs . CEO says with this merger construct, we are pulling liquidity from our partners into the euro zone . CEO says the dual headquarter structure of Frankfurt and London is an important element to the whole merger structure . CEO says the UK staying in the EU and taking an active role in the EU is the preferred case Further company coverage: [DB1Gn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

InterContinental Exchange Inc says no current intention to make an offer for LSEG - Reuters
Wednesday, 4 May 2016 07:36am EDT 

InterContinental Exchange Inc:InterContinental Exchange statement regarding no intention to make an offer for London Stock Exchange Group Plc - Reuters.Co determined there was insufficient engagement to confirm potential market, shareholder benefits of a combination.ICE has confirmed that it has no current intention to make an offer for LSEG.  Full Article

Brexit strengthens case for LSE-Deutsche Boerse merger: Bundesbank

FRANKFURT, July 13 London must prepare to lose euro trading and clearing activities once Britain leaves the European Union but the business case for merging the London and German stock exchanges has been strengthened, Bundesbank board member Andreas Dombret said on Wednesday.