Category Archives: London Stock Exchange

Scandal-hit NMC Health on verge of liquidation

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Administrators outline position of UAE’s largest healthcare provider which faces multiple investigations

Joint administrators for NMC Health, the holding company of the UAE-based healthcare provider NMC Group, have said the company will probably be dissolved or put into liquidation.

Administrators from the consulting firm Alvarez & Marsal Europe were appointed in April to oversee the hospital operator, after an application from one of its biggest creditors, Abu Dhabi Commercial Bank.

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Saudi Arabia price war wipes billions from value of major oil firms

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Royal Dutch Shell and BP lose more than £32bn from their combined market value

Saudi Arabia’s oil price war has wiped billions of pounds from the market value of the industry’s biggest companies after oil markets recorded one of the biggest price slumps in history.

The decision of the world’s largest oil-producing nation to increase its production even as the coronavirus outbreak stalls global oil demand triggered a 30% drop in oil prices on Monday morning.

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London Stock Exchange rejects approach by Hong Kong counterpart

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‘Fundamental flaws’ in £32bn takeover proposal mean LSE board sees no merit in it

The board of the London Stock Exchange has “unanimously rejected” an approach by its Hong Kong rival after the Asian bourse made a surprise £32bn bid to take over the 321-year-old City institution earlier this week.

In an uncompromising response to the approach, which the London Stock Exchange Group (LSEG) described as a “significant backward step”, the UK firm said it saw “no merit in further engagement” with Hong Kong Exchanges and Clearing (HKEX).

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Hong Kong Stock Exchange makes £32bn move for London counterpart

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Proposal to LSE board will only proceed if deal for Refinitiv is terminated or voted down

The Hong Kong Stock Exchange has made a surprise £32bn bid approach to take over the London Stock Exchange Group.

It comes weeks after LSE agreed a $27bn (£22bn) all-share deal to take control of Refinitiv, a move the company said would transform it into a UK-headquartered, global rival to Michael Bloomberg’s financial news and data business.

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Political uncertainty puts London listing for Saudi Aramco in doubt

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Decision to rule out UK and Hong Kong would be major blow to both financial centres

Saudi Arabia’s revived plans for a $2tn mega-listing of its state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty, according to reports.

Saudi Aramco, the world’s most profitable company, may instead look to Japan’s Tokyo stock exchange to host the second phase of what would be the biggest public offering in history.

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