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UK Tries To Woo SoftBank-Backed Revolut For A London Listing Amid Fintech Giant's NASDAQ Plans
Friday, August 16, 2024 - 5:50am | 599In the latest development, the U.K. Treasury is gearing up for discussions with Revolut, one of the most valuable fintech firms in Britain backed by SoftBank, to underscore the allure of London for a potential listing. This move comes amid Revolut’s ongoing contemplation of a New York listing...
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First Bitcoin ETPs Begin Trading On London Stock Exchange
Tuesday, May 28, 2024 - 8:51am | 578Bitcoin (CRYPTO: BTC) exchange-traded products (ETPs) have commenced trading on the London Stock Exchange, marking a significant milestone for cryptocurrency adoption in the U.K. What Happened: The first bitcoin exchange-traded products (ETPs) have started trading on the London Stock Exchange after...
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Crypto's Mainstream Moment: London Stock Exchange's $3 Trillion Bet On Bitcoin And Ether's Future
Tuesday, March 26, 2024 - 5:55am | 531The London Stock Exchange has announced plans to launch a dedicated market for exchange-traded notes (ETNs) tied to Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), the two largest cryptocurrencies by market capitalization. The new market is scheduled to go live on May 28, marking a milestone in the...
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Exodus From London To New York: Why More Companies Are Seeking US Stock Listings
Thursday, February 22, 2024 - 1:16pm | 831The U.K. stock market is leaking. Drugmaker Indivior Plc (NASDAQ:INDV), on Thursday, became the latest London Stock Exchange (LSE)-listed company to announce it was seeking a primary listing in New York. For some companies, it makes good sense commercially. Building materials supplier Ferguson Plc...
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Argo Blockchain's Share Sale: The $7.5M Power Play In Crypto Mining
Wednesday, July 19, 2023 - 2:13pm | 442Cryptocurrency mining company Argo Blockchain (NASDAQ: ARBK), based in London, raised almost $7.5 million by issuing new shares. The funds raised from this share sale, which included a private placement of £5.134 million ($6,635,386.96) and a public sale of £616,000 ($796,143.04),...
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Microsoft Charges Higher On London Stock Exchange Group Deal: Will This New Trend Form?
Monday, December 12, 2022 - 3:21pm | 483Microsoft Corporation (NASDAQ: MSFT) spiked up almost 3% at one point on Monday before running into a group of sellers who knocked the stock down about 1% from the high-of-day. Microsoft announced Sunday it had agreed to buy about a 4% equity stake in London Stock Exchange Group plc (...
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OM Group Makes Hostile Takeover Bid For LSE 22 Years Ago Today
Monday, August 29, 2022 - 10:29am | 340Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2000, Swedish company OM Group made a $1.2-billion hostile takeover bid for the London Stock Exchange. Where The Market Was The Dow Jones Industrial Average closed at 11...
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Post Mega London Stock Exchange Listing, GSK Spinoff Haleon's Plunge Brings Valuation Concerns To The Fore
Tuesday, July 19, 2022 - 4:06am | 412After GSK (NYSE: GSK) spun off its consumer health division Haleon Plc (LSE: HLN) into a separate entity, shares of the newly listed firm plunged during intraday trade, closing over 6.5% down at GBX 308.4 on the London Stock Exchange on Monday. Haleon continued to slump on Tuesday, losing...
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Fintech Spotlight: Meet Archax, The First Regulated UK Digital Securities Exchange
Wednesday, March 3, 2021 - 8:56am | 982In recent months, cryptocurrency attracted the interest of both financial institutions and government entities, evidenced by Goldman Sachs Group Inc’s (NYSE: GS) move to reopen its cryptocurrency desk and Miami Mayor Francis Suarez’s push to make bitcoin a part of his city’s...
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David Beckham Buys Stake In CBD Skincare Brand Cellular Goods On The Heels Of LSE Debut
Thursday, February 4, 2021 - 11:54am | 330Skincare company Cellular Goods is poised to debut on the London Stock Exchange. According to Sky News, David Beckham's DB Ventures opted to purchase a stake in the U.K.-based company which produces cannabis-based skin care and athletic products. The company, backed by the soccer star, is...
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London Stock Exchange Reportedly Set To Win EU Approval For $27B Refinitiv Deal
Wednesday, December 2, 2020 - 4:29pm | 265The London Stock Exchange could soon see its $27-billion acquisition of data analytics company Refinitiv receive European Union antitrust approval, Reuters reported Wednesday, citing people familiar with the matter. What Happened: The LSE first proposed an all-stock ...
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'A Long Way To Go': Stock Market Update For The Week Ahead
Sunday, August 9, 2020 - 5:39pm | 3073The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery. Remember This: “Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a...
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Fintech Focus For July 8, 2020
Wednesday, July 8, 2020 - 10:22am | 2122Daily Perspective: Capital markets are not free markets allocating resources in traditional ways. - Ray Dalio Fintech Movers: Nasdaq and the London Stock Exchange Group have both taken steps to grow the digital asset ecosystem as institutional interest increases. - Markets Media Iran cracks down...
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London Stock Exchange Group, Global Accelerated Ventures Tackle COVID-19 Liquidity Concerns, Help Startups Access Funding
Thursday, June 18, 2020 - 5:00pm | 391ELITE, the London Stock Exchange’s platform for funding, mentoring, as well as scaling emerging financial and health-tech solutions, alongside Global Accelerated Ventures (GAV), announced a U.S.-based effort to address startup liquidity gaps resulting from the COVID-19 pandemic. Christopher...
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London Stock Exchange To File $27B Refinitv Merger With The EU Authorities: Report
Tuesday, January 14, 2020 - 6:18am | 414The London Stock Exchange Group will file its $27 billion merger deal with financial data provider Refinitiv with the European Union antitrust authorities in the coming weeks, the Financial Times reported on Monday. What Happened The stock exchange company has been in talks with the Brussels-based...