Exclusive: Euroclear expands Crest functionality in private markets in bid to widen investor pool Markets Euroclear has expanded its Crest functionality in private markets in a bid to open them up to a wider pool of investors, CityAM can reveal. The securities depository system, most frequently used for the settling of stocks and bonds in public markets, will have greater escrow options to address the needs of private companies [...]
London Stock Exchange owner sells Euroclear stake for £455m Markets The owner of the London Stock Exchange has sold its minority stake in financial markets infrastructure provider Euroclear for £455m. The London Stock Exchange Group (LSEG) said on Thursday that it completed the divestment of its 4.92 per cent holding in the Belgium-based firm. It sold the stake to TCorp, the investment and financial management [...]
Scrap FTSE 250 share tax to save small UK companies, says City Investing Urgent measures like cutting stamp duty on FTSE 250 shares are needed to save smaller British companies, a group of City heavyweights have argued. In seven of the past 10 years, more listed small companies have left the UK stock market than joined it, and this trend will continue unless serious action is taken, a [...]