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London Stock Exchange chief hatches £300m ‘war bonds’ plan


The London Stock Exchange is hatching plans to create a £300m listed vehicle aimed at bolstering the survival chances of companies hit hard by the coronavirus pandemic.Sky News has learnt that David Schwimmer, the London Stock Exchange Group (LSEG) chief executive, has been spearheading talks with top City figures and the Treasury about establishing an investment trust called the UK Growth and Resilience Fund.
The scheme, which would principally invest in unquoted companies, is said to have been under discussion for months.A fund management source said this weekend that BMO Financial Group, JP Morgan Asset Management and Octopus …

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