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News
- Increase in De-listings and Decrease in IPOs Cuts into Revenue of U.S. Exchanges - Editor, 28 August 2008 - No Comments yet
- Financial Sector Concerns Start Off Trading Week on a Negative Note - Editor, 26 August 2008 - No Comments yet
- Signet Group Set to Move Primary Listing to NYSE - Editor, 21 August 2008 - No Comments yet
- NASDAQ Issues Non-Compliance Warnings - Editor, 18 August 2008 - No Comments yet
- Branson Launches Campaign against Proposed BA/Iberia Merger - Editor, 11 August 2008 - No Comments yet
- Nasdaq OMX Release Impressive Second Quarter Results - Editor, 7 August 2008 - No Comments yet
- Changing Trends and Threat to Market Share Prompts London Stock Exchange to Adjust Tariffs - Editor, 4 August 2008 - No Comments yet
Since the beginning of the month news of non-compliance notifications being issued to NASDAQand NYSE listed companies has become almost commonplace. Failure to meet minimum listing requirements results in being de-listed, which in turn results in reduced revenue for the two U.S. exchange operators. Add to this the fact that the Initial Public Offering (IPO) market has slowed down dramatically and it stands to reason that NASDAQ and NYSE will be feeling the pinch to some degree.
The week started off with light trading on the U.S. stock markets as concerns over the state of the financial sector in general were exacerbated by the fact that American International Group (AIG) fell to a thirteen year low. Persistent credit worries and apprehension with regard to global economic growth are also believed to have had a negative affect on trading, with major indexes losing around two percent and the Dow average falling by close to 250 points.
Signet Group plc has received the go-ahead from its shareholders to move their primary listing from the London Stock Exchange (LSE) to the New York Stock Exchange (NYSE). Additionally, the company’s headquarters, which is currently situated in London, will be moved to Bermuda and the name will be changed to Signet Jewelers Ltd.
During the past week a number of companies received notifications from NASDAQ’s Listing Qualifications division relating to various aspects of non-compliance with regard to minimum stock exchange listing requirements. Failure to fall back into line with listing requirements would result in the company being de-listed from the NASDAQ stock exchange.
The initial rumblings of Virgin Atlantic Airways against the proposed “merger between equals” of British Airways and Iberia Airlines, is growing into a thunderstorm as high profile owner of the airline, Sir Richard Branson, launches a campaign to stop the merger. He has reportedly written to both American presidential candidates, Barack Obama and John McCain to warn them that an affiliation between the two airlines would be anti-competitive.
On Wednesday, Nasdaq OMX Group released better than expected results for the second quarter with an 81 percent increase in quarterly profit. This, together with the news that management are pushing ahead with the integration of recent acquisitions, no doubt contributed to the 16.9 percent rise in Nasdaq share prices.
World-wide stock markets have been on a roller-coaster ride for some time now and, as has been the case for stock exchanges all over, the London Stock Exchange has had its fair share of upheaval. In addition to factors such as fluctuating oil prices and anxiety over rising inflation, the London Stock Exchange is facing increasing competition from new trading platforms that will undoubtedly poach some of its business.
Recent Videos
- Video: Russian Gas To europe Stops; Ukraine, Russia Gas Standoff - Wednesday 7 January 2009, 10:09 am
- Video: Alcoa Cuts Costs; Alcoa Slashes Jobs In Slowdown; Alcoa Earnings Due January 12; Alcoa To Take Charges On Plan; Aluminum Makers Cut Costs - Wednesday 7 January 2009, 10:02 am
- Video: Rates, Recession & Sterling; 2009: Outlook For Currency Markets - Wednesday 7 January 2009, 9:48 am
- Video: 2009: Outlook For U.K. Economy; Are Stimulus Packages Effective? - Wednesday 7 January 2009, 9:32 am
- Video: Hedge Funds Restrict Invetor Redemptions; Investors Pulled $32 Billion In December Alone Due To Perfomance Losses, Risk Aversion - Wednesday 7 January 2009, 9:17 am
Recent Articles
- Fed to Take Further Steps to Rescue Sinking Housing Markets - Editor, Friday 5 December 2008
- Markets Take a Tumble as NBER Confirms U.S. in Recession - Editor, Tuesday 2 December 2008
- Investors View Market Rally with Cautious Optimism - Editor, Thursday 27 November 2008
- U.S. Markets in Anticipation of Obama-Administration Economic Team Announcement - Editor, Monday 24 November 2008
- Fannie Mae Faces Possible De-Listing From NYSE - Editor, Wednesday 19 November 2008
Recent Comments
- 29 April 2008, 03:23 am: By Dhan - Take This Financial Planning Gift Horse...
- 25 April 2008, 12:58 am: By asiaconsult - The ‘No Comment’ Clue to Mortgage...
- 24 April 2008, 02:21 am: By Investa - How Your Financial Planning Can Benefit...
- 23 April 2008, 04:56 am: By Mint - A Stock on Which You Can Bank










