Intercontinental Exchange’s £395m ($604m) takeover of Climate Exchange will give the group a further grip on the booming European energy markets, a senior London-based analyst has said.“If you have the cash and you can use the equity, then it’s a good time to buy," the analyst told FOi. “The Climate Exchange’s market cap is $350m, so it’s still trading on a substantial premium – it’s trading on 44 times current earnings. [But] it’s moving in the right direction, at least.”...