LSE profits up 30 per cent
THE London Stock Exchange Group has reported profits up nearly a third, driven by the inclusion of its newly acquired index business and its clearing unit.
The LSE said today profit was up 30 per cent to £442m while revenue rose 10 per cent to £680m for the full year to the end of March.
The performance was linked to the LSE’s inclusion of the FTSE International business, acquired late last year, and revenue growth in its Italian clearing house, which was up 147 per cent from deposits to Italian banks.
“We are well placed and remain firmly focused in our pursuit of driving long-term shareholder value,” said Chris Gibson-Smith, chairman of the LSE.