UK: FEAR OVER STOCK EXCHANGE MERGER

Article Abstract:

London Stock Exchange (LSE) chairman, Don Cruickshank, revealed on 20 June 2000 that although he would not halt the integration of the London and Frankfurt stock exchanges, there could be delays ahead. While stressing that the deal was on track, Mr Cruickshank admitted that the vote by shareholders on the iX merger in September 2000 may be deferred in order to deal with the fears of certain interested parties. Shareholders on both exchanges will receive a memorandum detailing the deal's terms in July 2000 and it is hoped that the merger will be completed in October 2000.

Securities Dealers, Investment Banking and Securities Dealing, Government regulation (cont), Security brokers and dealers, London Stock Exchange PLC, iX

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UK: HENDERSON AMENDS FEE POLICY

Article Abstract:

Henderson Technology Trust is changing the way its charges it management fee. From now on it will be charged according to outperformance of a benchmark of six global technology indices. This will stop large bonuses being paid out just because the fund is exposed to the technology sector. It has reduced its exposure to UK technology shares to 12% since the start of 2000. According to lead manager Brian Ashford-Russell, technology stock valuations are still costly in the UK, although they have fallen considerably in the US.

United States, Sales, profits & dividends, Commodity & service prices, Prices and rates

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UK: BUYOUT OF ALTERNATIVE INVESTMENT MARKET PLANNED

Article Abstract:

Concerned that the Alternative Investment Market (AIM) will suffer from the iX merger of the London and Frankfurt stock exchanges, a group of private client stockbrokers is meeting to plan a buyout of AIM. The meeting has been called by Brian Winterflood, the leading retail marketmaker, although no action is planned until after the details of the iX merger have been released.

Asset sales & divestitures, Alternative Investment Market

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