LSE revenues soar on clearing interest
The LSE said interest drawn from loans to clients through its clearing business rose 225 per cent to £54.3m in the six months to the end of September, driving profit up 38 per cent to £214.3m and earnings up 48 per cent to 47.6 pence per share.
“Key highlights include a very good performance from post trade, an area we highlighted in 2009 as a core focus for us and which is now making a significant contribution to both Group revenue and growth,” said chief executive Xavier Rolet in a statement.
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Hide AdRevenue at the LSE’s main capitals markets business rose 13 per cent to £159.8m, while data services was up 6 per cent to £89m and technology sales rose one per cent to £24.8m.
The LSE results came as fellow trading firm ICAP, which matches buyers and sellers in the bond, currency and swaps markets, reported flat revenue for the same period of £867m.