London Stock Exchange Group Reports Rise in Quarterly Earnings
October 20 2016 - 2:50AM
Dow Jones News
By Tapan Panchal
LONDON--London Stock Exchange Group PLC (LSE.LN) Thursday posted
a rise in quarterly income and revenue, and said that it remains
focused on achieving regulatory approvals for its merger with
Deutsche Boerse AG (DB1.XE).
For the three months to the end of September, the company
recorded total income of 414.6 million pounds ($508.08 million), up
19% from total income of GBP349.4 million recorded in the same
period a year ago. Net revenue rose 15% to GBP376.2 million for the
quarter.
The stock market operator said it remains well positioned and
all of its core divisions are delivering good growth despite
testing markets and economic uncertainty.
London Stock Exchange Group and Deutsche Boerse agreed to an
all-share $30 billion merger in March. The new combined company
will be 45.6%-owned by LSE shareholders and the remainder by
Deutsche Boerse shareholders.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
October 20, 2016 02:35 ET (06:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.