Bitesized Blighty: September 13, 2019

Hector Don  Follow

  • The Hong Kong stock exchange made an audacious bid for the London Stock Exchange this week, offering £32bn (~$40bn) to rival a previous deal, a $27bn acquisition of data & trading group Refinitiv. Today we learned that The London Stock Exchange Group Rejected the £32bn takeover approach, saying that its board had “fundamental concerns” about the offer’s strategy, structure and value.
  • Speaker of the House, John Bercow has promised ‘creativity’ if Boris Johnson ignores Parliament’s law designed to prevent a no-deal Brexit. Last week, the Parliament forced the PM to seek a delay until 31 January 2020 if no deal is found- Johnson replied he’d rather be ‘dead in a ditch’ to ask for a delay.
  • Banksy’s latest piece has gone up overnight, showing the EU flag shattered. It follows on from a previous piece which showed a workman chipping away at a star, representing the UK on the flag. The works have been sprayed on a wall near Dover, where the UK exports/imports goods to the EU. 

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