London Stock Exchange Share News (LSEG)

Europe may need law to order faster stock settlement, say EU officials

LONDON, June 25 (Reuters) - Legislation may be needed to mandate halving the time it takes to settle a stock trade in the European Union to catch up with Wall Street, given the "doubling down in opposition" from market participants worried about costs, EU officials said on Tuesday.

US urges Britain to pick a date for stock market shake up

LONDON, June 20 (Reuters) - Britain should set a date for halving the time it takes to settle a stock trade - and stick with it, U.S. Securities and Exchange Commission Chair Gary Gensler said on Thursday.

Banks have a year to shift clearing from London to EU, Eurex says

LONDON, June 19 (Reuters) - A shift in chunks of euro derivatives clearing from London to European Union countries is now inevitable and banks should get ready, industry officials were told on Wednesday, but others warned the EU intervention would backfire.

Italy minister calls in unions over Milan stock exchange strike

ROME, June 18 (Reuters) - Italy's industry ministry has summoned trade unions to discuss what would be the first ever strike at the Milan stock exchange but talks will take place only after the planned stoppage.

EU finance chief says ditch national symbols to boost capital market

LONDON, June 18 (Reuters) - Merging national stock exchanges and clearing houses and pan-EU supervision are the next steps needed to achieve a better capital market for the bloc, its financial services chief said.

Italian trade unions call first strike at Milan bourse on June 27

ROME, June 17 (Reuters) - Milan's stock exchange faces its first ever strike action this month by Italian banking sector trade unions who on Monday accused the bourse's owner Euronext of "constant, systematic and overall disinvestment from Italy" and said they feared job cuts.

Monday newspaper round-up: Macron, THG, LSE Group

(Sharecast News) - France's president, Emmanuel Macron, has been accused of gambling with French democracy after announcing that he will dissolve parliament and call snap legislative elections in the wake of his allies' crushing defeat to Marine Le Pen's far-right National Rally (RN) in Sunday's European parliament elections. - Guardian

Sunday newspaper round-up: Tax increases, Ashtead, Stamp duty

(Sharecast News) - Tax increases worth £800 per year for the average household are on the way regardless of who comes out on top in the next general election, the Resolution Foundation says. Measures that have already been announced thus far will raise the tax haul by roughly £23bn by 2028-29. That is because freezing extant tax rates drives higher revenue for the Treasury. None of the two main parties has pledged to do away with a six-year freeze on income tax and national insurance thresholds or the coming spring's reversal of temporary reductions in business rates, fuel duty, stamp duty or land tax. - Guardian

IN BRIEF: LSEG hires Commonwealth Bank of Australia exec to be COO

London Stock Exchange Group PLC - London-based stock exchange operator and market data provider - Hires Pascal Boillat to be chief operating officer, based in New York and reporting to Chief Executive David Schwimmer. Most recently, Boillat was with Commonwealth Bank of Australia, where he was chief information officer & head of Enterprise Services. Boillat also has worked for Deutsche Bank AG and US mortgage finance provider Fannie Mae. At LSEG, he replaces David Shalders.

LSEG, S&P among potential bidders for data provider Preqin, sources say

LONDON/NEW YORK, June 5 (Reuters) - The London Stock Exchange Group and S&P Global are among potential bidders for data provider Preqin, four people with knowledge of the situation said.

Darktrace, Vistry Group up for promotion to FTSE 100

LONDON, May 29 (Reuters) - Cybersecurity company Darktrace and homebuilder Vistry Group are two candidates for inclusion in the FTSE 100 in the upcoming quarterly review, index provider LSEG said in a note released late on Tuesday.

Jefferies has 'renewed confidence' for LSEG, hikes target price

(Sharecast News) - Jefferies has hiked its target price for London Stock Exchange Group (LSEG) from 1,110p to 1,150p and maintained a 'buy' rating, saying it sees "clear upside risk to consensus".

Goldman says UK listings shake-up alone won't transform London IPO market

LONDON, May 20 (Reuters) - Britain will finalise its biggest shake-up of company listing rules in decades over the coming weeks, regulators said on Monday, as industry officials cautioned that the reform alone won't transform London's ability to catch up with New York.

UK dividends calendar - next 7 days

London Stock Exchange consortium complete GBP1.58 billion share sale

(Alliance News) - A consortium of investors, including Blackstone Inc and Thomson Reuters, on Wednesday confirmed they had sold shares worth just short of GBP1.6 billion in London Stock Exchange Group PLC.