Nex Group plc is a British financial technology company. It provides market data, post-trade and risk mitigation services for the global financial markets. The company was founded in 1996 and is headquartered in London, United Kingdom.
As of December 2018, the group had a market capitalization of £2.17 billion.
Nex Group shares fell sharply on Thursday after the London-listed company said it would sell its electronic trading business to CME Group for $5.4 billion (£4.2 billion).
The deal, which is expected to complete in the first quarter of 2019, will see CME pay Nex $3.95 billion in cash and assume $1.45 billion of debt.
Nex said the sale would allow it to focus on its post-trade services business, which includes clearing and settlement, and that it would use the proceeds to reduce debt and return cash to shareholders.
However, investors appeared to be unimpressed by the move, with Nex shares falling more than 20% in early trade on Thursday.
At 08:40 BST (03:40 ET), Nex shares were down 19% at 455p, making them one of the biggest fallers on the FTSE 100 index.
Iag Share Price
Iag Share Price
The IAG share price is a popular topic of discussion among investors and industry analysts. IAG is the parent company of some of the world’s largest insurance companies, including AIG, Allianz, and Zurich.
The company has a market capitalization of over $100 billion, making it one of the largest insurers in the world. Given its size and scope, IAG is often considered to be a bellwether for the global insurance industry.
IAG was founded in 1985 and is headquartered in London.
The company operates in over 50 countries and employs over 55,000 people. IAG’s core businesses are property & casualty (P&C) insurance, life insurance, and asset management. The company also has significant operations in reinsurance and specialty lines of insurance.
P&C Insurance: IAG provides a wide range of P&C insurance products through its various subsidiaries. This includes auto insurance, home/contents insurance, commercial property & casualty insurance, workers’ compensation insurance, etc. In total, IAG has over 100 million customers across its P&C business segments.
Life Insurance: IAG offers life insurance products through several of its subsidiaries including AIG Life, Zurich Life Insurance Company Ltd., and Allianz Global Investors Life AG. These businesses have a combined customer base of over 20 million people worldwide. IAG’s life operations accounted for approximately 30% of the company’s total premiums written in 2020.
Credit: www.fool.com.au
Is Nex Stock a Good Buy?
If you are looking for a good stock to buy, you may want to consider NEX. NEX is a leading provider of Next Generation Banking and Payment solutions. They offer a variety of products and services that can help you save money and make your banking experience more efficient.
Why is National Express Share Price Falling?
National Express share price has been falling since the company announced its half-year results on 26th October. The group reported a pre-tax profit of £56.3 million, which was down from £57.8 million in the same period last year. This fall in profit was mainly due to higher costs, including an increase in fuel prices and depreciation of its fleet.
National Express also announced that it would not be paying a dividend this year, which disappointed investors.
The company’s share price fell sharply on the day of the results announcement and has continued to decline since then. This is likely due to concerns about National Express’ profitability and future growth prospects.
Investors are also worried about the company’s debt levels, which stood at £1.47 billion at the end of September.
There are a number of reasons why National Express share price is falling. However, the main reason seems to be investor concerns about the company’s profitability and future growth prospects.
How to Invest DNEX – Dagang NeXchange
Conclusion
Nex Group plc (NXG.L) shares fell by over 5% in early morning trading on Thursday after the group announced that it had agreed to sell its shareholding in Traiana, Inc. to Intercontinental Exchange, Inc. (ICE) for a total consideration of $180 million.
The sale is subject to regulatory approvals and is expected to close in the fourth quarter of 2018.
Nex Group said that the sale will allow it to focus on its core businesses and reduce debt.
Intercontinental Exchange is a global network of exchanges and clearing houses, including the New York Stock Exchange, which acquired Nex’s former parent company, ICAP plc, in November 2016.
