London Stock Exchange Group plc (LSEG) and TMX Group Inc. today announced an agreement to combine Europe and Canada's leading diversified exchange groups in an all-share merger of equals.
George Osbourne delivered his statement on banking today, under Project Merlin. Intended to stimulate business, primarily in the form of a £190 billion loan pool, project Merlin also outlines several other banking reforms, including pay and cash bonus restrictions restrictions.
In light of recent market rumors, Deutsche Börse AG and NYSE Euronext (NYX) today confirmed that they are engaged in advanced discussions regarding a potential business combination. They cautioned that no agreement has been reached.
The Federation of Small Businesses (FSB) is urging the Bank of England to keep its nerve and hold interest rates at 0.5 per cent when the Bank of England’s Monetary Policy Committee (MPC) meets tomorrow to set the rate.
Chancellor George Osborne’s early morning announcement of an £800 million bank levy is no more than a smoke screen to divert attention from his failure to get banks to agree to Project Merlin according to entrepreneur William Chase.
Comment on George Osborne’s announcement to increase the levy on bank profits to £2.5bn, and pledge to implement Project Merlin to increase the banks’ lending to small businesses.
The Chancellor has announced today an increase in the rate of the bank levy to be charged in 2011. This change will increase the revenue from the levy in 2011 by £800m to £2.5 billion.
Research shows that small businesses worry that they will be hit hardest by inflation.
Industry experts comment on corporate and personal insolvency statistics, published today.
The latest figures published today by the Insolvency Service for Q4 2010 reveal that although corporate insolvencies in England and Wales have decreased, the number of corporate insolvencies in Scotland and Ireland is rising rapidly, up by 59.1% to 245 and 14.9% to 85, respectively - between Q4 2009 and Q4 2010.