Nex Group’s political fail: are the times a’changing?

Taking Stock

Nex Group’s political fail: are the times a’changing?

In this issue, focused as it is on how London’s most important businesses allocate their cash, consider the latest goings-on at capital markets business Nex Group (NXG). The digital execution bit of the company formerly known as ICAP, managed by chief executive and major shareholder Michael Spencer, put some other shareholders’ noses out of joint when it made donations of £5,000 each to five Conservative parliamentary candidates in the general election running against Liberal Democrat opponents who had supported last year's ‘remain’ campaign.

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