QUANTILE ULTIMATUM

LONDON Stock Exchange Group has been given a week to soothe concerns over its £274m takeover of Quantile Group.

LSEG said in December it had acquired Quantile, which provides portfolio, margin and capital services for banks, hedge funds and other financial institutions.

But the Competition and Markets Authority said yesterday the deal could ‘result in a substantial lessening of competition within a market or markets in the UK’.

LSEG shares fell after the CMA gave it until May 10 to offer undertakings to ease these concerns or risk a deeper probe into the deal.