Arab Today, arab today dubai qatar hold key to lse
Last Updated : GMT 18:11:14
Arab Today, arab today
Arab Today, arab today

Dubai, Qatar hold key to LSE

Arab Today, arab today

Arab Today, arab today Dubai, Qatar hold key to LSE

London - Arabstoday

Middle East investors Borse Dubai and the Qatar Investment Authority hold the key to the future of the London Stock Exchange amid speculation it has become a takeover target after its aborted $3.5 billion (Dh12.86 billion) bid for Canada\'s TMX Group. Borse Dubai owns nearly 21 per cent of LSE stock and the Qataris hold 15.1 per cent, Thomson Reuters data shows, making the investors easily the largest shareholders in the London exchange and key decision-makers in its future. \"They [the Middle East investors] might be like us and think this is a very good turnaround. And the shares have still got upside on the fundamentals,\" said one of LSE\'s largest European shareholders, who asked for anonymity. \"But if they get impatient it\'s the Dubai stake that is the critical one they could easily put the company into play. With two big shareholders, it\'s a done deal if they want it to happen.\" The British exchange blamed its failure to attract support from TMX shareholders for the decision to cancel its merger with the Canadian exchange at the 11th hour on Wednesday. The withdrawal fuelled speculation the LSE may be an attractive takeover target for rivals such as USA\'s Nasdaq. It has also thrown the spotlight on LSE chief executive Xavier Rolet, who was making his first major foray into the mergers and acquisitions market with the TMX bid. LSE shareholders were quick to back the LSE boss yesterday, though future support will depend on how he steers the exchange through a widely expected wave of further consolidation. \"I\'d be amazed if anyone is calling for Rolet to step down. He\'s doing a good enough job running the business and I don\'t think he\'s under serious threat in the short term,\" the head of trading at a large European investment bank said. LSE shares have traded up 15 per cent in the past weeks as investors piled in hoping a bid would materialise if the British failed to secure the TMX merger. At one point yesterday shares were trading up 5.2 per cent. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai qatar hold key to lse Arab Today, arab today dubai qatar hold key to lse

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai qatar hold key to lse Arab Today, arab today dubai qatar hold key to lse

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday