'Due to the Covid-19 crisis and subsequent lockdown, the public shareholder's/ seller's broker(s) are finding difficulty in tendering the shares'
The suspension signals deteriorating relations between the UK and China, at a time when British PM Boris Johnson's government aims to strengthen trading ties with the world's second-largest economy
The HKEX board, which met over a public holiday on Monday after a weekend of violence, was concerned by the lack of engagement from the LSE
Hong Kong Exchanges and Clearing Ltd (HKEX), said it still believed the combination of the two exchanges would be "strategically compelling"
LSE said in a statement that it has fundamental concerns about key aspects of the proposal
LSE and its advisers have wide-ranging concerns, including the possible influence of China on the HKEX
Both firms have been involved in exchange merger deals in recent years
LSE and Thomson Reuters both cautioned that there is no certainty that discussions between the parties will progress or that a transaction will be forthcoming
The London Stock Exchange Group on Friday announced a new memorandum of understanding with the National Stock Exchange of India to cooperate on dual listings and the launch of the group's offerings in India. London Stock Exchange (LSE) said the MoU is aimed at working together with the National Stock Exchange (NSE) on creating a dual listing route for Masala bonds and explore the launch of ELITE, LSE group's business support and capital raising programme for private high-growth companies, in India next year. The MoU was signed in London by Vikram Limaye, MD & CEO of the NSE, and Nikhil Rathi, CEO, London Stock Exchange Plc, and witnessed by MK Das, Principal Secretary to the Chief Minister of Gujarat Vijay Rupani. "Dual listing of Masala bonds would enhance visibility, increase liquidity in secondary markets and enhance efficiency of price discovery for Masala bond issuers. This would also reduce the cost of raising capital for all issuers and encourage the participation of a ...
Some traders were left frustrated by the delayed open and said market operators should have better back-up plans in place
Rolet is credited with turning the LSE into a more solid, diversified exchange group
Plan to create Europe's biggest stock exchange in doubt after LSE ruled out a European anti-trust demand
The approval came about a week and a half after Britons voted to leave the European Union
LSE merger of equal-ness is a red herring