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Cover story - Buyers' market.
(From Financial Director)
Byline: Andrew Sawers.
"More buyers than sellers." That's the cliche used by market traders to explain away an otherwise unexplained rise in a share price. Now the London Stock Exchange itself has more buyers, as Deutsche Borse and then the French/Belgian/Dutch exchange Euronext announced their interest in buying the UK equity marketplace.
The London Stock Exchange demutualised itself in 2000, surrendering the age-old linkage between its users and owners. Initially, its shares traded on a matched-bargains basis via stockbrokers Cazenove, but within months the new company announced plans to merge with Deutsche Borse - a ...
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