The London Stock Exchange Group's share price has jumped 3.6% this morning after announcing its income in the half year to September rose by 20% compared to the equivalent period of 2010.
Total revenues were £386.5m, yielding profits of £179.7m, up an impressive 79%.
The group, which is in talks to buy the clearing house LCH Clearnet, says earnings per share rose 48% to 47.6p, while it will increase its interim dividend from 8.8p per share to 9.3p.
Subscribe to 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
Most investors in the UK will naturally associate the group with the London Stock Exchange although it also owns the Borsa Italia in Milan and provides data services from operations in Sri Lanka.
Commenting on today's results the LSE's chief executive Xavier Rolet said: ""Our balanced and diversified business, with a well-hedged, inversely-correlated portfolio of products and services, makes us strongly placed to take advantage of growth opportunities that the changing market and regulatory environment is presenting."
BS
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
