London Stock Exchange Q3 Income, Revenues Climb

London Stock Exchange Q3 Income, Revenues Climb

The FINANCIAL -- London Stock Exchange Group plc (LSE.L) reported on October 22 that its third-quarter total income climbed 85 percent to 589.3 million pounds from 318 million pounds last year. Total income from continuing operations went up 11 percent.

On an organic and constant currency basis, income grew 2 percent, according to Nasdaq.

Total revenue went up 93 percent to 566.1 million pounds from 292.7 million pounds last year. Revenues from continuing operations, excluding assets held for sale, grew 12 percent to 326.4 million pounds.

The company noted that all business divisions delivered growth on an underlying, organic and constant currency basis, in particular from Information Services division, including FTSE Russell, and from LCH.Clearnet with another strong result from the OTC clearing services.

Xavier Rolet, Chief Executive, said, "We have started Q4 well, with the successful IPO of Worldpay, the largest UK new issue so far in 2015, and the expected IPO of Poste Italiane which will be the largest in Europe this year."

 

Author: The FINANCIAL