LSE 'not bidding' for LCH.Clearnet

The London Stock Exchange has said it is not in talks to buy European clearing house LCH.Clearnet, after reports emerged linking it with a bid.

The stock market's parent company released a statement yesterday saying it had noted the recent speculation linking it with the clearing house.

It added: "The London Stock Exchange Group confirms that it is not engaged in any discussions with LCH regarding a possible transaction."

Reports emerged following LCH's confirmation that it had received several approaches over a potential takeover.

Other companies that are linked with a possible move include NYSE Euronext, which owns the New York Stock Exchange, and Nasdaq OMX.