Review of financial and economic press: London Stock Exchange shareholders approved merger
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LSE shareholders approved the merger with German counterpart
Almost unanimously was the vote on Monday, July 4 when shareholders of the London Stock Exchange (LSE) aproved a planned merger with the German Stock Exchange (DB) in Frankfurt am Main. The decision was supported by 99.89 percent of holders of securities. Now shareholders DB got a little more than a week out to explore an offer to exchange their shares for the securities of the new joint venture.
The level of British business pessimism doubled after the referendum on withdrawal from the EU
The level of business confidence in the UK fell sharply after Brexit, according to BBC. This is highligthed by the sociological research agency YouGov and the Centre for Economics and Business Research (CEBR). The proportion of companies with pessimistic views on the prospects for the British econom, has doubled within a week after the referendum - from 25% to 49%.
US bypassed Russia in terms of recoverable oil reserves
US bypassed Russia and Saudi Arabia in terms of recoverable reserves, according to Rystad Energy. More than half of stocks accounted for shale oil, which will be developed after 2025.
Brexit initiator resigned as head of his party
One of the main initiators of the referendum on the withdrawal of Great Britain from the EU, the leader of UKIP Nigel Farage stepping down as head of the party. His political mission is considered done.