28 Jul 2019 London Stock Exchange lays $27bn bet that data are the future

Ambitious Refinitiv acquisition will set group against likes of Bloomberg and shape direction

Just over 18 months ago, London Stock Exchange Group faced one of the most fraught moments in its long history.  Brussels had quashed its high-profile merger with Deutsche Börse, the exit of its longstanding chief executive Xavier Rolet had triggered a bust-up with one of the group’s largest shareholders and Brexit threatened London’s role in global finance.

Now the exchange, more than 300 years old, is trying to get back on the front foot with a plan for its most ambitious acquisition, one that will shape the direction of the group for years to come.  It is the most striking demonstration yet of the charge among exchange operators into the business of supplying the data that is at the heart of markets.

Read the full story here: https://www.ft.com/content/b6b4a398-b143-11e9-8cb2-799a3a8cf37b