LSE reports bumper profits
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.
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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Are you one of 15 million people at risk of retirement poverty?
Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?
As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you