Bourses operator London Stock Exchange reported a 'continued good operational performance' in the eleven months to February 29th and said it should meet expectations of strong results for the full-year.
Average daily equity value in the UK declined by 2% year-on-year, while Italian volumes rose 2%. Its pan-European trading venture Turquoise saw trading jump 54%.
Some £34.6bn in total equity was raised on its markets during the period, down from the £37.4bn the year before as a result of fewer new issues, 144 compared with 167.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
Net treasury income, the interest LSE charges for deposits through its clearing business, has "remained strong" in the fourth quarter and is expected to beat third-quarter levels even after reductions in deposit interest rates achieved in March.
Shares were up 1.28% at 1,031p in early trading on Friday.
BC
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
