EU set to block €29bn exchanges merger
The European Union antitrust commission is expected to formally block the proposed €29bn merger between London Stock Exchange and Deutsche Börse this week. Meanwhile, the $140bn merger between Dow Chemical and Dupont is likely to be approved. (FT)
Robust economy offsets ‘Brexit’ worries over finance sector
The UK finance industry is upbeat about business amid the recent strength in economic indicators, which has offset “Brexit worries”, according to a study from the CBI and PwC. Prospects for business and profitability are particularly looking up for financial firms. (Telegraph)