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The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

LSE humbled as it is forced to abandon TMX merger

Canadian borse fails to win over investors for deal with London Stock Exchange

London faces fight for TMX as Maple tables new bid

The battle for control of TMX has intensified after rival bidder Maple Group increased its bid in an attempt to derail the Canadian market's tie-up with the London Stock Exchange (LSE).

Maple tables new bid for TMX

The battle for control of TMX has intensified after rival bidder Maple Group increased its bid in an attempt to derail the Canadian market's tie-up with the London Stock Exchange (LSE).

LSE offers £400m in TMX sweetener

The London Stock Exchange (LSE) yesterday hit back at the rival bid for Canada's TMX group as it proposed handing shareholders a sweetener worth more than £400m to secure the deal. The LSE agreed a C$5bn (£3.5bn) merger with its counterpart in February but the process was thrown into disarray as a rival C$3.7bn cash-and-shares bid was tabled by the banking consortium Maple Group.

Investment Column: Playtech's California deal is a good bet

Capital Pub Company; Creston

Alisher Usmanov increases Arsenal stake

Alisher Usmanov has increased his shareholding in Arsenal beyond the 29 per cent mark.

Avis giants unite in £636m deal

The US car hire giant Avis Budget is to buy its European counterpart in a £636m deal that reunites the two businesses after 25 years. The swoop for the London-listed Avis Europe, which operates the Avis and Budget brands in Europe, Africa and the Middle East, already has the support of the Belgium-based motoring group D'Ieteren, which owns 60 per cent of the company.

Day trader hits back at FSA after £1m fine reduced

The offending scheme involved small early-morning orders to dictate the prices offered by spread-betting companies

Maple turns hostile in bid for Toronto exchange

The consortium of Canadian financial firms bidding for the Toronto Stock Exchange has called on investors to reject the rival merger plan with the London Stock Exchange in a crunch vote at the end of this month.

Business Diary: Deal or no deal gloom at LSE

Times are tough at the London Stock Exchange. A couple of months ago, the bourse thought it had pulled off a coup by announcing the takeover of TMX, the Canadian exchange. Within hours, the deal was left looking distinctly small fry after NYSE Euronext and Deutsche Bourse announced a mega merger, and now it looks as if it may not even get TMX thanks to a late bid from a rival in Canada. To add insult to injury, LSE officials were forced to spend the bank holiday weekend scrambling to deny rumours it is poised to do another deal following erroneous reports that it has bid for LCH Clearnet, the European clearing house.

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.

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