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LON100:LSE, Feb 28, 11:16 UTC

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Eurex senses Brexit momentum in euro clearing battle with London

LSE TRI

Eurex senses Brexit momentum in euro clearing battle with London | NASDAQ. LONDON, Feb 26 (Reuters) - Brexit and other tailwinds will help Frankfurt build stronger momentum this year to attract more euro clearing from London without the need for extra customer sweeteners, a senior Deutsche Boerse Group official has said. Even before Britain's departure from the European Union last month, EU policymakers have long bristled that LCH, part of the London Stock Exchange, clears the bulk of interest rate swaps (IRS) denominated in the euro. "Emotionally, the Europeans are very committed to gaining control of the euro as a currency in all its forms like clearing house activity," Bruce Carnegie-Brown, chairman of the Lloyd's of London insurance market, told parliament on Wednesday. The push began in 2017 when Eurex Clearing, an arm of Frankfurt-based Deutsche Boerse, launched a profit-share to reward its 10 most active customers that increase clearing in euro-denominated interest rate products.

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Wednesday, February 26


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Eurex senses Brexit momentum in euro clearing battle with London

LSE BREXIT

Eurex senses Brexit momentum in euro clearing battle with London. LONDON (Reuters) - Brexit and other tailwinds will help Frankfurt build stronger momentum this year to attract more euro clearing from London without the need for extra customer sweeteners, a senior Deutsche Boerse Group official has said. Even before Britain's departure from the European Union last month, EU policymakers have long bristled that LCH, part of the London Stock Exchange, clears the bulk of interest rate swaps (IRS) denominated in the euro. "Emotionally, the Europeans are very committed to gaining control of the euro as a currency in all its forms like clearing house activity," Bruce Carnegie-Brown, chairman of the Lloyd's of London insurance market, told parliament on Wednesday. The push began in 2017 when Eurex Clearing, an arm of Frankfurt-based Deutsche Boerse, launched a profit-share to reward its 10 most active customers that increase clearing in euro-denominated interest rate products.

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News

The gold price is soaring! Should FTSE investors buy into LSE gold shares?

LSE

Gold has recently hit a high for 2020 and the gold spot price is up over 10% year-to-date, hovering around $1,650 per ounce. There are different reasons behind this year’s rally, including the worries about the recent coronavirus outbreak, choppiness in the oil market, talk of a global recession, and rather volatile global equities. Gold can be volatile, so I wouldn’t necessarily go crazy for it. But if you also think that the recent strength is the start of a new rally in the precious metal, here are several ways you could buy into gold. Between 2007 and 2011, during the global financial crisis, the price of gold went from $700 per ounce to an all-time record of $1,900 in September 2011.

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Wednesday, February 19


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Can I invest in LSE shares and FTSE indices with little money?

LSE

Fool.co.uk19 February 2020, 08:39 UTC. For many people, investing in shares may be confusing. They may also think that they do not earn enough money to start investing in the stock market. But even if you only have a few pounds to spare every week, you can invest, and your money could grow with compound interest over time to a surprisingly large amount. The London Stock Exchange (LSE) is the primary stock exchange in the UK and the largest in Europe. As described on the LSE website, the “FTSE (pronounced Footsie) Group is an independent organisation jointly owned by the Financial Times and the London Stock Exchange.” It has several indices of shares covering not only the UK but also other global markets. In January, the FTSE 250 also hit an all-time of 22,114.26. And these increases in the index levels do not include the dividend payments made out to shareholders.

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Wednesday, February 12


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DRI Healthcare aims to raise up to $350 million in London IPO

LSE

SECTIONS. Home. World. Markets. Business. Politics. Technology. U.S. DRI Healthcare aims to raise up to $350 million in London IPO. (Reuters) - DRI Healthcare, an investment company investing in healthcare royalty assets, is aiming to sell up to $350 million of shares in a planned initial public offering in London, it said on Wednesday. Managed by Toronto-based DRI Capital, an investment manager with $2.6 billion raised across its funds, DRI Healthcare is looking to list on the main market of the London Stock Exchange. It will use the proceeds of the IPO to fund acquisitions, it said in a statement. Download the app to read more Reuters News.

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Friday, February 07


News

Exclusive: France ramps up pressure to shift $200 billion euro clearing away from London - sources

LSE

Exclusive: France ramps up pressure to shift $200 billion euro clearing away from London - sources. Britain left the EU last month and no longer has a seat at the table when it comes to discussions over financial regulation, giving France an opportunity to ratchet up the pressure to win more clearing business for itself. The London Stock Exchange's LCH unit clears more than $200 billion in euro denominated derivatives daily for customers in the EU. Industry officials expect LCH to be granted equivalence at least for the medium term given the risk to financial stability if positions worth billions of euros have to be shifted at short notice. If granted, and as a last resort, the EU can hit the "relocation" button, forcing LCH to move clearing to the EU to avoid losing EU clients.

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Tuesday, February 04


News

A New Solution for Difficult-to-Bond Materials: Introducing the 3M VHB Tape LSE Series

LSE MMM

The new 3M VHB Tape LSE Series eliminates design challenges associated with difficult-to-stick-to composites and low surface energy plastics with the strong, durable, fast and easy assembly of 3M VHB Tape. 3M announces the introduction of the 3M VHB Tape LSE Series, a fast, easy and reliable bonding solution for LSE substrates like Polypropylene (PP), Thermoplastic Olefins (TPO), and Thermoplastic Elastomers (TPE), as well as composite materials like glass reinforced plastic (GRP) or fiber reinforced plastic (FRP). "Plastics and composites have opened up the door for our customers to revolutionize the materials they use and are propelling broad changes in modern design. However, these materials' low surface energies make them hard to bond quickly and durably," said Kevin Schwab, 3M marketing manager. The 3M VHB Tape LSE Series also offers high initial tack at low temperatures, so manufacturers can benefit from faster and more reliable bonds in cold environments, such as outdoor applications or unheated factory floors.

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Friday, January 31


News

Director/PDMR Shareholding London Stock Exchange:AAEV

LSE

January 31, 2020 12:21 ET | Source:Albion Enterprise VCT PLC. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. Details of the issuer, emission allowance market participation, auction platform. Details of the transaction(s): section to be repeated for (i) each type of instrument;.

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Transaction in Own Shares London Stock Exchange:DEVC

LSE

Transaction in Own Shares. January 31, 2020 12:45 ET | Source:Draper Esprit VCT plc. Draper Esprit VCT plc. Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97. Transaction in Own Shares31 January 2020. Transaction in Own Shares. Draper Esprit VCT plc announces that, on 31 January 2020, the Company purchased the following shares for cancellation:. No. purchased. Price paid. per share. % of class. in issue. Ordinary shares of 5p each. 229,809. 52.75p. 0.29%. Draper Esprit VCT plc. London, UNITED KINGDOM.

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Issue of Equity and Total Voting Rights and Capital London Stock Exchange:AAVC

LSE

The cost of these discounts is being borne by the Manager, Albion Capital Group LLP. The Company has received valid applications for 2,668,571 new ordinary shares which will be allotted at an issue price of 76.7 pence per share from existing shareholders and 592,553 new ordinary shares allotted at an issue price of 77.0 pence per share for new subscribers, both of which qualified for the early bird discount. It is expected that admission will become effective, and that dealings in the shares will commence on or before 8.00 a.m. on 3 February 2020. The Company holds 12,899,188 ordinary shares in Treasury. Therefore, the total number of voting rights in the Company is 101,890,351, which may be used by shareholders and other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. For further information, please contact:Albion Capital Group LLPCompany Secretary 020 7601 185031 January 2020.

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