LSEG sees total income increase
02 March 2018 London
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The London Stock Exchange Group’s (LSEG) total income was up 18 percent to £1.9 billion in contrast to the end of 2016, where total income was £1.6 billion.
Operating profit was up 47 percent at £626 million, compared to 2016, which stood at £427 million.
Proposed final dividend increased to 37.2 pence per share—a 19 percent increase in the full year dividend to 51.6 pence per share.
LSEG said its highlights from 2017 were “continued execution of strategy”, which drove “strong operational and financial performance”.
The exchange also said that the growth across information services, post-trade and capital markets underpinned the “confidence in the delivery of three-year financial targets”, which well positioned it to “drive further growth [...] operating on an open access basis in partnership with customers”.
The annual results also indicated that LSEG’s shareholding in the Europe-based clearing house, LCH Group, which currently stands at 65.9 percent, is expected to acquire a further two percent in March.
Commenting on performance for the year, David Warren, CFO and interim CEO, said: “We have delivered another year of strong performance with growth across all of our core businesses, including double-digit revenue increases at FTSE Russell and LCH OTC.”
He added: “LSEG has also continued to invest in new initiatives and acquisitions to drive further expansion of our global client offering. [The Exchange] is strategically, operationally and financially well positioned to capitalise on a range of opportunities ahead and to enhance shareholder returns.”
“We also remain focused on delivering the financial targets we have set for the next two years. Our open access approach in partnership with customers will enable us to benefit from the second Markets in Financial Instruments Directive and to adapt to an evolving regulatory and macroeconomic environment.”
Operating profit was up 47 percent at £626 million, compared to 2016, which stood at £427 million.
Proposed final dividend increased to 37.2 pence per share—a 19 percent increase in the full year dividend to 51.6 pence per share.
LSEG said its highlights from 2017 were “continued execution of strategy”, which drove “strong operational and financial performance”.
The exchange also said that the growth across information services, post-trade and capital markets underpinned the “confidence in the delivery of three-year financial targets”, which well positioned it to “drive further growth [...] operating on an open access basis in partnership with customers”.
The annual results also indicated that LSEG’s shareholding in the Europe-based clearing house, LCH Group, which currently stands at 65.9 percent, is expected to acquire a further two percent in March.
Commenting on performance for the year, David Warren, CFO and interim CEO, said: “We have delivered another year of strong performance with growth across all of our core businesses, including double-digit revenue increases at FTSE Russell and LCH OTC.”
He added: “LSEG has also continued to invest in new initiatives and acquisitions to drive further expansion of our global client offering. [The Exchange] is strategically, operationally and financially well positioned to capitalise on a range of opportunities ahead and to enhance shareholder returns.”
“We also remain focused on delivering the financial targets we have set for the next two years. Our open access approach in partnership with customers will enable us to benefit from the second Markets in Financial Instruments Directive and to adapt to an evolving regulatory and macroeconomic environment.”
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