News

Rupert Murdoch's flagship media business, the TV and film giant 21st Century Fox, plans to cut its links with his native land by delisting from the Australian stock market.

Warning over LCH.Clearnet deal

Leading brokers warned that a takeover of the European clearing house LCH.Clearnet by an exchange will hurt competition.

Ports operator DPW to list in London

Shares in DP World, the third largest ports operator in the world, are to start trading on the London Stock Exchange on 1 June, marking the effective return of P&O to the London market.

Pity the jilted chiefs of LSE and Nasdaq, facing a truly frightening foe

As a giant New York-Paris-Frankfurt exchange rival looms, should Xavier Rolet and Bob Greifeld just lick their wounds and join forces?

The first time fortunes were made – and lost

In the autumn of 1999, a new internet start-up called Boo.com was launched with the intention of creating a global fashion retailer, selling brand name clothes. The British-based company – founded by Swedes Ernst Malmsten, Kajsa Leander and Patrik Hedelin – spent £83.5m of venture capital in 18 months. Less than a year later, on 18 May, 2000, it was placed into receivership and liquidated.

Stock Markets: 21/05/2011

New York

Stocks slid amid signs that American consumer demand may be weakening, and fears about the Greek debt crisis. The Dow Jones industrial average fell 33.30 points, or 0.26 per cent, to 12,572.63 in afternoon trading.





David Prosser: Searching for the high-water mark in the second dot.com boom

Outlook LinkedIn, the social networking site for professionals that is to make its debut on the New York Stock Exchange today, rather undersold itself when it unveiled plans for the float earlier this month. Pricing was originally set at $32 to $35 a share, valuing the business at $3bn – now, just a few weeks later, LinkedIn has priced the shares at $45, valuing the company at $4.3bn (£2.66bn).

Nasdaq bid for NYSE shattered by competition authorities

Nasdaq's dream of buying its bigger, older and more famous rival, the New York Stock Exchange, has been shattered by a ruling from the US competition authorities, which said that combining the country's two main stock markets would create an unacceptable monopoly.

Hostile bid in sight as Nasdaq targets rival New York exchange

Nasdaq OMX has turned hostile in its bid for NYSE Euronext, after the rival exchange group repeatedly refused to open talks on its $11bn takeover offer.

Stephen Foley: Memo to NYSE: steer clear of Nasdaq

US Outlook: Nasdaq doesn't really care whether it ends up owning the New York Stock Exchange.

The business on...Bob Greifeld, Chief executive, Nasdaq

The man who wanted to buy the London Stock Exchange?

Zippy market debut for car hire pioneer

Zipcar, the hire-car service for city dwellers, listed its shares on Nasdaq yesterday, surging 66 per cent within minutes. The 10-year-old company, which bought its UK copycat Streetcar last year, raised $173.4m after pricing its shares above the range.

Nasdaq chief furious over rejection of NYSE bid

Nasdaq has appealed to shareholders in NYSE Euronext, pressing the case for its $11.3bn (£6.9bn) takeover offer, after the NYSE board summarily rejected the bid and said it would stick to a lower-priced deal to merge with Germany's Deutsche Börse.

Deutsche Börse will not raise NYSE bid

Deutsche Börse has no plans to raise its agreed $10.2bn bid for NYSE Euronext, although it offer has been trumped by joint proposal from Nasdaq OMX and IntercontinentalExchange (ICE), a source familiar with the talks said last night.

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