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Softbank and Arm Chiefs Meet Hunt as City Reforms Open Door to Secondary Listing in London
On Tuesday, Arm's chief executive and owner met with Jeremy Hunt at Downing Street. At the same time, regulators announced reforms that could encourage Arm to have a secondary listing in London.
On Tuesday, Rene Haas and Masayoshi son, the…
Investors abandon notion that interest rates would remain ‘higher’ for longer
The recent rally on global bond markets has dispelled investors' long-held belief that interest rates will continue to rise in the US, and other countries.
For the first time in August, the benchmark yield on the 10-year US Treasury,…
Macy’s offers $5.8bn in buyouts that could remove it from the stock market
Macy's, a department store chain in the US, is the subject of an offer of $5.8bn. (£4.6bn). This would mean that one of the most recognizable names in US retail would disappear from the stock exchange.
The Wall Street Journal reported…
India’s NSE is set to overtake Hong Kong as the world’s biggest market
Analysts say that the value of India's National Stock Exchange is set to surpass Hong Kong as the largest trading venue in the world. This rise is a testament to the optimism of investors about India's economic prospects.
According to…
Interest rate cuts lead to global stock market’s best month in 3 years
Investors are dumping risky assets as they believe that the Federal Reserve, and other central banks, is close to achieving its goal of fighting inflation.
The MSCI All-Country World Index rose by 9 percent in November. This was the best…
Stock Market Today: Dow and S&P live updates for November 23
The US holiday on Thursday offered little direction for Asian shares. The dollar edged down.
Futures on Japanese shares were stable, but the gains made in the previous session suggest benchmarks are likely to catch up after a long holiday.…
Stock Market Today – Dow and S&P live updates for November 21
The Federal Reserve minutes reaffirmed its cautious approach. Traders were focused on Nvidia Corporation after this year's massive rally in large tech.
Shares of the world's largest chipmaker fell in late trading after its latest…
LSEG pledges to buyback £1 billion in 2024 in order to boost guidance
London Stock Exchange Group Plc announced that it would execute £1 billion ($1.2billion) in buybacks for the next year. The company also increased its guidance, and revealed changes to its report structure.
In a announcement accompanying a…
FTSE 100 bosses demand that Hunt end the ‘vicious circle’ of stock market decline
FTSE 100 CEOs have warned that Jeremy Hunt needs to end the "vicious cycle" of Britain’s stock market decline.
Julia Hoggett is the chief executive officer of the London Stock Exchange. She, along with the members of the Capital…
Mining giant Glencore rejects London’s coal listing with a $7 billion deal
Glencore is the latest company that has snubbed the London Stock Exchange. The company confirmed plans to list its coal division in New York after it announced that it would spin off the business.
The FTSE 100 miner has announced…
Warren Buffett’s Berkshire Hathaway is selling stocks as its cash pile grows to record levels
Berkshire Hathaway’s cash pile soared to a new record of $157bn during a quarter when chief executive Warren Buffett sold stakes in publically traded companies as the Oracle of Omaha struggled to find appealing investments.
According to…
Will Sam Bankman-Freed Conviction affect the cryptocurrency industry ?
Sam Bankman-Freed, the founder of FTX, has been found guilty in a fraud trial. This has significant implications for the broader cryptocurrency industry. Bankman-Freed now faces potential decades in prison as a result of his conviction. The…
Peel Hunt: UK Stock Market in a Doom Loop as it Shrinks
According to UK investment bank Peel Hunt, the market for Britain's small and medium-sized stocks is rapidly shrinking, putting London's reputation as an international financial centre at risk.
The UK market is losing more companies than…
Northvolt plans Stockholm listing for potential $20bn IPO
Northvolt wants to list its shares at Stockholm, over other venues. This would be one of the biggest flotations in Europe in recent years.
According to sources familiar with the situation, the Swedish battery manufacturer has invited…
LSE outage stops trading of hundreds of small-cap shares
On Thursday, the London Stock Exchange experienced an outage which halted trading of hundreds of small-cap stocks. This was a blow to a marketplace that has been suffering from a lack of new listings this year and a falling trading volume.…
London Stock Exchange reclaims crown as Europe’s largest market
London has surpassed Paris as Europe's biggest stock exchange, a major boost for the City.
London's stock market is worth $2.888 trillion, compared with Paris' $2.887 trillion.
The Square Mile has been overtaken by the French…
CVC is preparing to launch its IPO as soon as next week
CVC, Europe's biggest private equity group, is set to announce that it will float its shares in Amsterdam by the end of next week.
In 2021, the firm with €161bn of assets under management was valued at €15bn as part of a private deal. …
Global economy cast in shadow by fears of a wider Middle East conflict
Finance ministers and government officials have warned that the threat of a wider Middle East conflict poses a new threat to the world economy, just as it is recovering from the shocks caused by Covid-19 (the Covid-19 virus) and the Ukraine…