Sun 19th May 13, 17:41
The London Stock Exchange is considering buying a stake in Istanbul's fast-growing stock market as part of a deal that could see Turkish trades settled in the City. Borsa Istanbul has been seeking an international partner to overhaul its technology and improve the market's access to foreign investors for several months. The LSE's proposal would see Borsa Istanbul start to clear its trades through LCH Clearnet, the financial plumbing system now majority-controlled by the LSE. The Turkish exchange would also use the LSE's Millennium Exchange software, The Sunday Times reports.
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Thomas Cook still has a long flight ahead of it, but the new Captain at the controls seems to have stabilised the craft. In fact, things now look normal. Above all, the company needs to sharply improve the experience of its customers, quite a challenge. However, the 1.6bn pound capital restructuring announced last week means that the outfit now has a fighting chance. Then there are the upwardly revised cost-savings targets and plans to rationalise its airlines and dealings with hotels. The travel tour operator may be headed for a sunnier future, says The Sunday Timesīs Matthew Goodman. 7 hours ago
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