Cant help thinking this is very bad news for the UK Financial Services Industry. Next, Frankfurt and LSE will combine into one Exchange, then all functions of London will gradually drift over to Frankfurt and UK jobs with them , then gradually all of the City of London's most important exchanges and functions will go to Germany, especially if we vote to stay in the EU in June. Takeover by Stealth of our most valuable industry - something even Napoleon Bonaparte and a certain A Hitler never… Read More
In all seriousness this should be blocked, whether we stay in the EU or not it won't be pretty for us.Yet another British asset being given away to foreign majority shareholding so the top people can line their pockets. I hope the shareholders vote no!
It all looks good London, Frankfurt and Milan exchanges and with Topco based in the UK too. It's one I've had tucked away long term where it will stay. The planned cost cutting and savings look impressive and will add plenty of value once instigated and carried through I wonder what further expansion they maybe considering.
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