London Stock Exchange: quarterly income rises

(CercleFinance.com) - London Stock Exchange Group announced a "good" financial performance and "strong" operational resilience in the first quarter, against an unprecedented backdrop of volatile financial markets.


First-quarter income rose by 13% year-on-year to 615 million pounds, driven by increased equity trading and higher clearing activity across listed and OTC products, the group said.

LSE's capital markets division - which makes money from fees paid on listing and trading - saw revenue rise by 15% to 112 million pounds.

Revenue from information services rose 7% to 215 million pounds, with an 8% growth at index provider FTSE Russell, LSE said.

Although market conditions are likely to remain "challenging" in the coming period, LSE has said that it is "financially strong" and has the necessary resources to continue to operate effectively in this environment.

While it has performed well in the first quarter, it is too early to comment on the impact of the coronavirus pandemic on the outlook, it added.

LSE share are currently up 1.9% in early trading, one of the biggest winners on London's blue chip FTSE 100 index.

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