Slimming down to bulk up: the London Stock Change
The London Stock Exchange Group will today ask for shareholders’ approval to sell Borsa Italiana, Italy’s only securities market, to Euronext, a markets operator based in France, for €4.3bn ($5bn). The deal is big for Euronext, which has a market capitalisation of only €6.3bn. But it will have help, in the form of a €700m investment from Cassa Depositi e Prestiti Equity, a bank controlled by Italy’s government, and Intesa SanPaolo, Italy’s biggest bank. Offloading Borsa could help the LSE get bigger. Last year, the firm agreed to buy Refinitiv, a financial-data provider, for $27bn. But European competition authorities have held the deal up over worries about the power that a combined LSE-Refinitiv would exert over bond markets. The firm is shedding Borsa to satisfy the regulators. The LSE can hardly complain about the sale, however: it will provide a tidy return on the €1.6bn it paid for the exchange in 2007.
slim down:精简(机构),裁剪(人员)
bulk up:使加大(或加厚)
market capitalisation:资本市值
offload:
把(担子等)转移(给别人);减轻(负担);卸(包袱)
hold the deal up over worries:因担心推迟交易
exert over:对……施加影响
bond market:债券市场
shed:去除,摆脱
regulator:(某行业等的)监管者,监管机构
tidy:高额的,可观的
There may be trouble ahead: British business
The Confederation of British Industry’s first ever online annual conference opens today at a difficult time for members. The CBI’s latest survey, released yesterday, showed corporate activity slowing sharply, with a net 29% of respondents reporting declines in output in the three months to October. That was a bigger drop than the CBI reported for the three months to September. A net 23% of survey respondents also expected activity to fall in the next three months, and that gloom will have been exacerbated by the newly announced second lockdown (not to mention the risk of a no-deal Brexit). The IMF had already predicted that British GDP would decline by 10.4% this year, and would rebound by 5.7% in 2021, making up only part of the lost ground. Manufacturing was the sector least affected, according to the CBI survey, and the purchasing managers index, out today, is expected to show continued growth for goods producers.
confederation[kənˌfedəˈreɪʃn]: 联盟,联合体
CBI: 英国工业联合会
respondent:回答问题的人,(尤指)调查对象
decline in: 下降
output:产量
gloom[ɡluːm]: 忧郁,愁闷
exacerbate:使恶化
lockdown[ɪɡˈzæsəbeɪt]: 活动限制
IMF: 国际货币基金组织
只想在这里好好记录。
努力学习SQL和TABLEAU,爱手帐,看到桌子上的胶带就想坐下来玩一会儿。兴趣很多,希望能有享受技能自由的一天。
最爱充电方式是手帐和防弹少年团。