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New York Stock Exchange owner plots £10bn LSE bid


The owner of the New York Stock Exchange has secured funding from a group of American and Asian banks as it plots a £10bn bid for the London Stock Exchange, Sky News reports.

According to the report, InterContinental Exchange has reached agreement with Morgan Stanley, Wells Fargo and Japan’s Mitsubishi UFJ to provide part of the debt that will be required to fund a bid for the LSE.

Other lenders are set to be added to the group in the coming weeks.

News of the potential bid comes after the LSE and Deutsche Boerse, its German equivalent, confirmed last month they would press ahead with a proposed £21bn merger.

The deal has yet to be finalised, however.



Former Labour pensions adviser joins The People’s Pension

Former Labour pensions adviser Andy Tarrant is to join B&CE’s auto-enrolment scheme The People’s Pension as head of policy and government relations. Tarrant was senior parliamentary adviser to former shadow pensions minister Gregg McClymont during the Coalition. Prior to that he was desk head of the Labour party press office and was previously head of […]

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Pension Wise appointment costs drop to £541

The average cost of Pension Wise guidance appointments dropped marginally in February as the number of completed sessions rose 12 per cent. The cost per appointment fell by just over 2 per cent, from £554 to £541. Some 5,916 guidance sessions were completed in February, up from 4,426 a month earlier but still lower than […]


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