Europe News London

  • Bond trader Cantor Fitzgerald is combining its electronic brokerage eSpeed, which has been a takeover target, with its BGC Partners inter-dealer broker into a new publicly listed company in a $1.3 billion deal.

  • Owners of London-based The Big Bus, which runs hop-on hop-off tourist buses in the British capital, Baltimore and Dubai, sold a 30% stake to a Gulf Arab family, Abu Dhabi's Al Fahim Group said on Tuesday.

  • The London Stock Exchange Group's annual net profit rose 55% as hedge funds and specialist traders boosted the number of average daily trades, the bourse reported Wednesday.

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    So I just saw on TV that Gwyneth Paltrow doubled her money on the sale of her Tribeca apartment in Manhattan. $14 mill!! She may not like the U.S. (she moved to London because, she has said, she prefers the European way of life), but she can't trash the NYC real estate market now, can she? Like I've been saying and saying and saying, all real estate is local.