Posted in Consolidation, LSE, London Stock Exchange, Tokyo Stock Exchange
The London Stock Exchange is to announce a partner arrangement with its Tokyo counterpart.
A business cooperation agreement will be signed in London today between the two exchanges. The plan is to share technology and information with a view to boosting dealing volumes.
Following the LSE victory over a hostile bid from Nasdaq, the move is designed to underpin London’s ability to remain independent while increasing its influence in rapidly changing times.
Posted in Clara Furse, Euronext, John Thain, LSE, London Stock Exchange, Nasdaq, New York Stock Exchange
So the nationalist argument won after all, bolstered by the impeccable business case put by Clara Furse and the London Stock Exchange board.
This is a departure from recent events where much of the UK’s prime and strategic assets have been sold off to less than glittering buyers from all over the world.
Clara Furse can be proud of her unyielding defence of the centrepiece of Britain’s powerful financial centre in the City of London.
Inevitably, the discussion moves on to : what next? As if just doing the job is not enough for our news hungry generation.
Talk is that the LSE may link up with the New York Stock Exchange and participate in its forcoming wedding with Euronext. What was that the late Princess Diana said about three in a marriage?
Given her record of doughty defence of the LSE’s independence, why would she suddenly cave in to John Thain’s overtures? Better an all-out assault against a weakened Nasdaq to turn the tables. But I doubt relations would be good following a successful outcome and Furse has been as reluctant to go on the offensive as she has been stout in defence.
There are many options open to the London exchange now. Which it chooses to follow will be of absorbing interest during the rest of this year.
Posted in LSE Latest, London Stock Exchange, Redesign
LSE Latest will be receiving a complete redesign and makeover in the next week or two. Apart from upgrading to Wordpress 2.1, the latest version, it will receive a brand new designer styling by Thord Hedengen.
As this site is affiliated to our LifeTimes network magazine, the colours will be burnt-Sienna-based but similar in styling to the example shown above.
There may be some disruption to service while this work is carried out, and fresh posts will be delayed for a few days.
