20 December 2014

LSE in merger talks with TMX

09/02/2011 Miles Nolan

The London Stock Exchange (LSE) has confirmed it is in advanced merger talks with TMX of Canada in a move that would create the largest market in the world by number of listings. By combining businesses the enlarged entity would also be the number one market for natural resources, mining, energy and clean technology. Moreover the combined group will be the leading destination for growth companies from emerging markets that are seeking a listing.

The merger would create a £6 billion business offering access to a deep pool of international capital. Significant cost savings of £35 million by year three rising to £100 million in year five also provide a compelling attraction for the move. Shares in the LSE are up 8 per cent this morning to 965p as investors warm to the deal and the expectation that it will be earnings enhancing in the first full year following completion.

Combining forces makes commercial logic while also bringing 20 trading markets and platforms across North America and Europe. This will span cash equities, derivatives and fixed income. The move also brings together a substantial degree of technology expertise as well as a huge provider of global information.

Tags: Cost savings, London stock exchange, Merger talks, TMX Group

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + VAT. Click here for more info

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Brazil's electricity sector is in need of modernisation

Cyan grabs Brazil win 18/12/2014

Smart metering outfit Cyan Holdings (AIM:CYAN) has won an order for 1,000 modules in Brazil.

Ideagen raises £17.5m and nabs Gael 18/12/2014

NHS Software specialist Ideagen (AIM:IDEA) is to acquire fellow software play Gael for £18 million.

Range obtains $110m of cash while board quits 12/12/2014

Oil explorer Range Resources (AIM:RRL) has announced a package of funding worth $110 million to continue its exploration efforts while reporting a raft of resignations.

Tags: Oil and gas

Porta grabs Publicasity 11/12/2014

PR group Porta Communications (AIM:PTCM) has acquired food and drink PR concern Publicasity.

Tags: British Media

Rare Earth excited by Yangibana 03/12/2014

Rare Earth Minerals (AIM:REM) reported an update on the hunt for the minerals in Western Australia.

Tags: Mining

Universe expands to Morrisons 03/12/2014

Loyalty card and petrol forecourt technology specialist Universe Group (AIM:UNG) reported on a deal with supermarket chain Morrisons.

 

Tags: Retail, Technology

More News