Keith Bowman Market Quotations

While market expectation is that it will eventually lead to a full blown takeover, it could in the medium term prove to be a negotiating tactic - the board of the London Stock Exchange now have to think again with regards to their possible future while Nasdaq has effectively left itself with a big say in any future developments.

The consolidation story across the industry is certainly growing. Although there's no speculation on Legal & General at the moment, its very strong UK market share could put it in the firing line.