Financial News

LONDON (Reuters) - The London Stock Exchange and Euronext have held secret talks about a all-shares merger of equals to create a European super exchange valued at about 6 billion pounds, The Observer said on Sunday. The newspaper said that detailed discussions on a nil-premium merger deal had taken place between Paris-based Euronext's financial adviser Morgan Stanley and Merrill Lynch, which represents the LSE. The plans could be put before Euronext's shareholders at its annual shareholders me ...

By Huw Jones BRUSSELS (Reuters) - The EU's financial services sector will lag the United States even further if protectionism in member states goes unchecked, a study said on Monday. The report for the City of London Corporation, which runs Europe's largest financial centre, studied the role of wholesale financial services in the EU as the United States consolidates its lead and China and India  ...

MARKS & Spencer is set to reveal like-for-like sales at the high street retailer rose by 3.2% over the three months to April, the third consecutive quarter of sales growth, it was reported today. The sales figures will please M&S's investors and City analysts especially as most retailers are suffering, The Sunday Telegraph reports. A slowdown in consumer spending since January has harmed ...

LONDON (Reuters) - The London Stock Exchange (LSE.L: Quote, Profile, Research) and Euronext (ENXT.PA: Quote, Profile, Research) have held secret talks about a all-shares merger of equals to create a European super exchange valued at about 6 billion pounds, the Observer said on Sunday. The newspaper said that detailed discussions on a nil-premium merger deal had taken place between Paris-based E ...