London Stock Exchange Group Plc

London Stock Exchange Issuer Services

All projects on track

The London Stock Exchange Group (LSEG) released this morning its FY2019 numbers. Revenues and expenses were roughly in line with expectations (slightly lower than our own forecasts). The key anticipation was to discover more about the Refinitiv deal. Management did not elaborate other than &ldquo ...

Definitely nothing to see

The London Stock Exchange Group (LSEG) is down about 6% this morning as the Hong Kong Exchange and Clearing (HKEX) eventually simply dropped its offer on the UK market venue. While the odds in the last few days was for a rather higher price (with a higher amount of cash), the dropping the deal is ...

A desperate bid...nothing to see

HKSE made a £32bn takeover bid for the London Stock Exchange yesterday. We believe the probability of this deal succeeding is close to zero. However, this should feed speculation regarding other giant market venues (ICE or CME, for instance) bidding on the UK market venue. It will support L ...

Transformational deal confirmed...

LSEG released this morning its numbers for Q2 19. But, most importantly, it confirmed its ambitions to acquire Refinitiv in an all-share transaction for a total enterprise value of c.$27bn. According to management, the deal will be 30% earnings accretive in the first year after completion (expect ...

Into a new dimension?

The LSEG is in talks with Blackstone and Thomson Reuters about a possible acquisition of financial data analytics provider Refinitiv. LSEG would acquire the company for a $27bn enterprise value. The deal would mark a strong push into the data business (currently branded Information Services withi ...