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Money gone - nuff said
on bbc news "merger of the London Stock Exchange and Deutsche Boerse could collapse after the LSE said the deal was unlikely to be approved by the European Commission." - Does anyone know what this means for our pensions / investments in the LSE? does it affect AIM at all ? Obviously the EU will not make any deal that benefits the UK.
Any ideas what to expect?
Looks like it will be well into Q1 2017 before we find out what issues or recommendations the EU commission has over the merger. If everything goes ahead maybe Q3 for merger.
https://www.youtube.com/watch?v=OcsZVBiu5HE&feature=youtu.be
Lets see how long the commission drag their decision on the merger out for. The decision to leave the EU and the uncertainty about what deal the EU and UK will end up with regarding financial matters has certainly left some things up in the air, lets hope they aren't dropped and broken at the conclusion.
We're leaving the EU. We don't need EU rules and interference.
6,175 whoops! 6,176 signatures @ the min. Churchill would roll over in his grave if knew wat was going on.
So it was reduced to only 60% approval the boerse needed in the end. Let's see where the HQ ends up.
Oh lets move the goalposts so we get what we want!!! I hope TM prioritises blocking this as is hinted in the Daily Mail today.
With Deutsche Börse looking to lower the 75% requirement because of concerns their holders won't approve the merger will they look for a delay. A closer tie up between LSE and US exchanges would be a better option now especially if the HQ is not in London and given the uncertainty created by leaving the EU.
With Deutsche Börse looking to lower the 75% requirement because of concerns their holders won't approve the merger will they look for a delay. A closer tie up between LSE and US exchanges would be a better option.
I wonder if George Osborne is even aware that we are selling part of the UK's Financial Industry ( and its jobs) to the GERMANS !! Duz it not even occur to him that the Head Office and eventually the whole Exchange will be migrated to Frankfurt ? This is part of why we voted for Brexit, for goodness sake ! Gradual takeover of UK Financial Services by stealth.
Yet another piece of British history down the pan then. Government should stop this as we are now leaving the EU.
Bad news if post merger the group HQ ends up in Europe and not London.
Heaven forbid if this happens now. I hope holders vote no!!!!
Apologies for board hopping but- The petition is going quite well; ~5000 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far. We really need a social / media savvy individual to help generate more interest in this.
Common sense would be to block it until after the vote. Unfortunately self interest rules the waves these days.
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 managed to achieve ! Notice its been sold by a French CEO !
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!
either DB1 has left room for a bump on LSE in the event of a counter (and terms are disappointing) ... but maybe more upside now on DB1 , especially if deal fails.
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.
Looks like the merger is going ahead with Deutsche borse - http://www.risersandfallers.com/2016/03/16/london-stock-exchange-group-announces-merger-with-deutsche-borse-ag/
Theres a lot happening here in the next few weeks 22nd March for the krouts and 29th march for the yanks. I reckon its worth a punt even at todays price if a few more univited guests come along and we have no more silly market corrections it could be a really happy party.
Hi, it makes for interesting reading. Who is GW please.