Thread regarding Refinitiv layoffs

LSE

Looks like next week

https://www.lseg.com/resources/media-centre/press-releases/statement-regarding-press-speculation

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Post ID: @OP+10fTOzfU

10 replies (most recent on top)

Does this mean more layoffs to come for US?

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Post ID: @6owb+10fTOzfU

My thought is that buying Refinitiv is a part of LSE preparations to no-deal Brexit. Wanting to use their assets while they still got some value.

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Post ID: @5yuo+10fTOzfU

@10fTOzfU-3efr - "Readers meanwhile sneered at Refinitiv’s cheap and cheerful desktop offer, a Vauxhall Astra to Bloomberg’s Mercedes."

More like a Tata Nano.

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Post ID: @4vql+10fTOzfU

https://www.ft.com/content/9eb10b78-b108-11e9-8cb2-799a3a8cf37b

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Post ID: @3efr+10fTOzfU

@10fTOzfU-2yuv - So it's not a step in the right direction.

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Post ID: @2vpb+10fTOzfU

According to Bloomberg:

"Refinitiv CEO David Craig will continue leading the financial data firm as an independent brand within LSE"

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Post ID: @2yuv+10fTOzfU

If it leads to the departure of the empty suits at the top, it can't help but be a step in the right direction.

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Post ID: @1ynl+10fTOzfU

would you buy this company?
with what plan in mind; as a going concern seems hard to fathom;
lse stock is up 42% since mid december;
stock deal is rumored...
it'll create an add'l 350m cost savings (did blackstone leave sc-aps on the table)?
lse buying earnings; pe at 42; price will jump; Schwimmer's stock options skyrocket;
lesson from jimmy ling

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Post ID: @1emq+10fTOzfU

LSE have a diverse portfolio including LCH. They also have a successful technology arm selling settlement solutions.

If anything if this sale were to go through it may actually call a halt to the asset stripping blackstone were so focused on and which would have seen the sale of all the risk assets.

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Post ID: @yqo+10fTOzfU

RIP Risk business

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Post ID: @qhe+10fTOzfU

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