UK: LSE SHAREHOLDERS END OM BID HOPES

Article Abstract:

OM Gruppen's hostile bid for London Stock Exchange (LSE) was effectively dealt a blow on 19 October 2000 when the latter's shareholders agreed to retain the limit on individual holdings of 4.9%. LSE chairman, Don Cruickshank, said after the vote that any bidder required the support of 75% of shareholders to succeed. LSE, the focus of a GB[pound] 1bn bid from Swedish stock exchange, also revealed higher profits for the six months to end-September 2000 on margins up to 33% from 21%. OM noted that the close nature of the vote meant that it might be successful with the bid. Table: London Stock Exchange Figures in GB[pound] mn Current Previous/Change Pre-tax profits 29.1 - 89%

Asset sales & divestitures, Sweden, Securities Exchanges, Financial Services, Finance and Insurance, Financial services industry, Brief Article, Exchanges, OM Gruppen AB

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UK: LSE TO MERGE WITH LIFFE?

Article Abstract:

So that they can compete more effectively with Euronext, the alliance linking the Brussels, Paris and Amsterdam stock exchanges, the UK London Stock Exchange could decide to merge with Liffe. Such a move would unite cash equity activities and equity options businesses and also cater better for the retail investor who is likely to take an interest in derivatives products investing. Financiers are lobbying the Bank of England to back such a merger, although publicly it is still neutral about the idea.

Debt & Equity Securities, London International Financial Futures and Options Exchange

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