London Stock Exchange moves higher as revenues grow

By
1 mins. to read
London Stock Exchange moves higher as revenues grow
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

London Stock Exchange Group (LON:LSE) has seen its share price climb by 6.43% to 7,052p (as of 13:00 BST) after reporting a 7% improvement in total revenues for the six months to 30th June. Growth in the post-trade category was notable at 12% and FTSE Russell revenues were up by 9%.

The company also announced plans to acquire Refinitiv, which management believe will transform its capabilities in data and capital markets.

London Stock Exchange CEO David Schwimer said: “The Group has delivered another strong performance with an 8% increase in income during the first half of the year. In Post Trade, LCH’s OTC clearing services have achieved record volumes during the period and have seen strong growth in member and client clearing. In Information Services, we have acquired Beyond Ratings, a highly regarded provider of ESG data and analytics, which will accelerate our ability to develop differentiated multi-asset solutions in sustainable finance investing. And, in Capital Markets, despite a slower start to the year, we have seen activity improve in Q2 with companies able to benefit from access to the deep liquidity pools available across our listings and trading businesses.

“We have continued to invest across our businesses, working in partnership with customers to deliver innovative products and services, while continuing to control costs. The Group remains well positioned in an evolving regulatory and macroeconomic environment and we expect to make further progress in H2.

“Today, we have announced a proposed transaction to acquire Refinitiv, a leading global provider of data, analytics and financial markets solutions. This transformational acquisition creates a multi-asset class capital markets business and brings world class data content, management and distribution capabilities to LSEG, accelerating our strategy and expanding our global footprint. This positions us in key areas of future growth as a global financial markets infrastructure leader“.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?


The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.