GERMAN FIRM Deutsche Börse has now abandoned its £1.3bn bid for the London Stock Exchange after weeks of opposition from investors and questions about its impact over UK regulation, reports this morning's Guardian newspaper.
Chief executive Werner Seifert has now withdrawn the proposal to offer 530p a share after the LSE refused to recommend the Deutsche Börse offer to its shareholders in December. Instead, the LSE has now opened talks with the Frankfurt market and its Amsterdam rival Euronext in the hope of creating a bidding war. BOSSES face a paperwork nightmare when complicated new rules affecting Britain’s £1.2bn statutory maternity pay (SMP) system come into effect on April 6th, says the Times newspaper. Business groups and legal experts say companies will be forced to recalculate pay given to wo...
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