Business Services Industry
London Stock Exchange Rides Above the Gloom.
Knight Ridder/Tribune Business News, November, 2002
Daily Mail, London Knight Ridder/Tribune Business News
Nov. 8--The London Stock Exchange defied the dismal conditions on its own market to boost September half profits 36 percent to UKpound 47.4 million pretax as it grabbed a dominant share of Europe's depressed flotations business.
It handled 75 percent of new Western European listings against 58 percent a year ago.
The Exchange's hunt for a successor to outgoing chairman Donald Cruickshank is "just starting." Dividends rise 18 percent to 1.3 pence, the shares 10 pence to 356 pence.
Hedge fund group Man boasts its flagship AHL fund returned 30 percent in the September half. Hedge funds can profit from price falls as well as rises.
Chief executive Stanley Fink denies...
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