The London Stock Exchange Group is far from being the world’s biggest operator of financial markets, but neither is it a tiddler. So it seems amazing for such a long-established business that as recently as the middle of the last decade takeover bids were being valued at less than £2 billion.
Today it is worth more than £15 billion and the rise in the share price is one of the reasons why many investors were so strongly opposed to the decision to dump Xavier Rolet as its chief executive last year.
The acrimony surrounding Mr Rolet’s departure seems to have eased , with Donald Brydon, the chairman, appointing David Schwimmer, the former Goldman Sachs executive, as the exchange’s new boss this month.
Mr Rolet has