Asset Management

LSE shareholders applaud ‘sooner than expected’ Refinitiv deal

‘Data is becoming more important in financial markets, and the LSE should strategically develop in this direction,’ says one fund manager

The London Stock Exchange building on Paternoster Square, City of London
The London Stock Exchange building on Paternoster Square, City of London Photo: Alamy

London Stock Exchange shareholders have thrown their support behind the company’s potential acquisition of Refinitiv — a blockbuster deal that would create a UK data and trading behemoth and help the stock exchange draw a line under its failed merger with German rival Deutsche Börse.

The LSE’s share price surged by more than 15% on July 29 after it confirmed at the weekend it was in talks to buy US-based Refinitiv for $27bn.

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