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Name | Symbol | Market | Type |
---|---|---|---|
Barclays PLC | NYSE:BCS | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.08 | -0.78% | 10.17 | 10.295 | 10.155 | 10.19 | 21,807,125 | 01:00:00 |
By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Shares of London Stock Exchange Group PLC posted big losses in the FTSE 100 on Friday after the company said it plans a rights issue to fund the acquisition of asset manager Frank Russell Co.
LSE shares dropped 1.1%, in an otherwise quiet U.K. stock market. The company said it plans to raise 938 million pounds ($1.56 billion) to fund the takeover and that shareholders will be able to buy three new shares for every 11 they already own at a 1,295 pence each, a 30.1% discount to Thursday's closing price.
More broadly in London, the FTSE 100 index was slightly lower at 6,775.94, setting it on track for a 1.3% weekly advance.
Banks were among gainers, with shares of Barclays PLC up 1%, HSBC Holdings PLC (HSBC) rising 0.9% and Lloyds Banking Group PLC (LYG) 0.7% higher.
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