The London Stock Exchange was valued at £653m (€1.06bn) when shares in the exchange ended trading at £22 on their first day.

An LSE spokesman said that the exchange was pleased with the level of interest on its first day of trading. But the stock ended the day 21% below the opening price of £28. In total, 296.3 million shares changed hands.

LSE valued at £653m on first day of trading

Marc Sousley

London Stock Exchange

Morgan Stanley names Esteve head of equity syndicate in Europe

JPMorgan promotes de Grivel Nigam in European ECM shake-up

UBS transfers 544 more UK Credit Suisse staff across as integration continues

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Keir Starmer initially refused to confirm if Rachel Reeves would remain in post, causing sterling and gilts to sell off sharply.

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By Callum Borchers | Photographs by Lucia Buricelli for WSJ 

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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