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April 3: Trading in 38 Aim-listed cash shells has been suspended. This follows the introduction of tighter rules earlier this year and is part of the London Stock Exchange’s attempt to clean up the junior market. We’re going through the names closely to see if anything interesting stands out and will bring you the full list, with background on the changes, in tomorrow’s paper.
The London Stock Exchange is in the news for other reasons, too. Euronext says it continues to pursue a merger with Deutsche Börse but a careful reading of the statement reveals an interesting emphasis on the international nature of the consolidation and its part in that. Euronext doesn’t say so, but there is a hint here to Deutsche Börse, and to its own shareholders, that the idea of a deal with the LSE or the NYSE has not gone away completely.
Shares in London Clubs International are down more than 4 per cent after a profit warning from the casino group. Almost a year on, it is blaming poor trading at Les Ambassadeurs, the casino it has just sold for £115m.
Rank shares are up almost 5 per cent on talk that Blackstone is preparing a bid. We’re looking into it but the legs on this rumour might be no better than those on last week’s, that Stanley Leisure was plotting a move on Rank.
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