LSE profits down, but progressing Clearnet takeover

The London Stock Exchange has produced a mediocre set of interims although it is making progress on its deal to buy clearing house LCH.Clearnet, with approval received from the French lead regulator.

The London Stock Exchange has produced a mediocre set of interims although it is making progress on its deal to buy clearing house LCH.Clearnet, with approval received from the French lead regulator.

Pre-tax profits were down by almost 8% at £165.4m (H1 2012: £179.7m) although total income was up 10% at £423.7m (H1 2012:£386.5m), with revenues for the first half ended September 30th increasing 7% to £349.8m (H1 2012: £328.1m).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.