Tag: LSEG

LSEG

In the FICC of it

Although there was plenty of news for Profit & Loss’ managing editor, Colin Lambert, and editor, Galen Stops, to get their teeth stuck into this week, the duo focused on just three main stories. First of all, they discuss the news that former HSBC head of cash FX trading, Mark Johnson, has lost his appeal […]

LSEG Board Swats Aside HKEX Proposal, Stays Focused on Refinitiv

The board of the London Stock Exchange Group (LSEG) has unanimously rejected the unsolicited offer made earlier this week by Hong Kong Exchanges and Clearing (HKEX) to acquire the entire share capital of LSEG. “The board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration and value,” says […]

HKEX Bids £31.6bn for LSEG

Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the board of the London Stock Exchange Group (LSEG) to combine the two companies in a deal worth £31.6 billion. This deal would scupper the proposed $27 billion deal for LSEG to buy Refinitiv. “LSEG and HKEX are two of the world’s premier market […]

LSEG and Refinitiv: Deal of the Century or Disaster Waiting to Happen?

Galen Stops gives his take on the five key questions to be asking following the announcement of LSEG’s proposed acquisition of Refinitiv. The news that London Stock Exchange Group (LSEG) is set to acquire Refinitiv in a deal worth $27 billion certainly caused a lot of excitement and intrigue within the financial services industry when […]

In the FICC of It

There is one item – and a lot of questions – on the run sheet for this week’s In the FICC of It podcast as Colin Lambert and Galen Stops take a long hard look at the London Stock Exchange Group’s $27 billion for Refinitiv. Not least, Stops wants to know, is this the trigger […]

LSE Bids $27 Billion for Refinitiv

The London Stock Exchange Group (LSEG) has confirmed that it is in “advanced discussions” to buy Refinitiv for around $27 billion, including around $12.2 billion in debt. These discussions are regarding Board membership, governance and other relationship agreement terms including lock-up provisions, which reflect a long-term partnership. In a statement LSEG says new LSEG shares […]

Who Are the Potential Buyers of Refinitiv?

n October 2016 Profit & Loss published an article: “Who Are the Potential Buyers of NEX?” This time around, Galen Stops applies the same type of analytical treatment to Refinitiv.In October 2018 a consortium, led by the private equity firm Blackstone, concluded a deal to acquire 55% of the equity in Thomson Reuters Financial & Risk (F&R) business, now rebranded as Refinitiv. No one in the market is under the illusion that Blackstone intends to maintain its ownership of Refinitiv, least of all the staff that work there.

Who Are the Potential Buyers of Refinitiv?

n October 2016 Profit & Loss published an article: “Who Are the Potential Buyers of NEX?” This time around, Galen Stops applies the same type of analytical treatment to Refinitiv.In October 2018 a consortium, led by the private equity firm Blackstone, concluded a deal to acquire 55% of the equity in Thomson Reuters Financial & Risk (F&R) business, now rebranded as Refinitiv. No one in the market is under the illusion that Blackstone intends to maintain its ownership of Refinitiv, least of all the staff that work there.

Blockchain Industry Groups Announce Merger

The Post-Trade Distributed Ledger (PTDL) Group is set to merge with the Global Blockchain Business Council (GBBC).

Founded in November 2015, the PTDL Group aims to bring together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technology can transform the post-trade landscape, while the GBBC is a trade association for the blockchain technology ecosystem.

PTDL’s organising committee is made up of representatives from CLS Bank International, HSBC, Janus Henderson, London Stock Exchange Group (LSEG), State Street, and GBBC. All of these firms released statements today supporting the merger.