Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.

Paul Penrose Head of Research at Finextra

Missing Link for Lloyds TSB Registrars

Shares in Lloyds TSB have firmed up on weekend reports that UK ATM network operator Link has emerged as the frontrunner to buy the bank's share registration arm. Link, backed by US buy-out firm Bain Capital, is leading a short list of about four trade and private-equity suitors for Lloyds TSB Registrars, according to this report in the Sunday Time...

19 March 2007 /payments /retail

Paul Penrose Head of Research at Finextra

Clearing the way for more consolidation

All eyes on Deutsche Börse and Italy’s Monte Titoli after rival exchange Euronext divested itself of all but five per cent of its holding in clearing and settlement agent LCH.Clearnet (LCH.Clearnet to buy out Euronext). European investment banks and lawmakers in Brussels have been pushing Europe’s exchanges to cut their ties to post-trade clearin...

15 February 2007 /wholesale

Paul Penrose Head of Research at Finextra

Citi to bring Egg back to the boil

Muted cheers across the City after UK insurer Prudential eventually offloaded its loss-making Internet banking operation Egg to Citigroup for £575 million (Prudential sells Egg to Citigroup). The price, at twice book value, is not bad (UK banks typically sell at 1.5 times book value), but it’s a far cry from the £1.1 billion price tag attached to ...

29 January 2007 /retail