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London Stock Exchange Group PLC (LSE.L)

LSE.L on London Stock Exchange

3,921.00GBp
3:54am EDT
Change (% chg)

-29.00 (-0.73%)
Prev Close
3,950.00
Open
3,929.00
Day's High
3,929.00
Day's Low
3,889.00
Volume
51,658
Avg. Vol
846,223
52-wk High
3,966.00
52-wk Low
2,611.00

Latest Key Developments (Source: Significant Developments)

Euronext to renew agreement for derivatives clearing with LCH SA
Tuesday, 8 Aug 2017 01:38am EDT 

Aug 8 (Reuters) - EURONEXT NV ::EURONEXT TO RENEW AGREEMENT FOR DERIVATIVES CLEARING WITH LCH SA AND BECOME A MINORITY SHAREHOLDER.10-YEAR AGREEMENT DELIVERING LONG TERM AND SUSTAINABLE CLEARING INCOME FOR EURONEXT, WITH A REVENUE SHARING MECHANISM.EURONEXT TO SWAP ITS CURRENT 2.3% STAKE IN LCH GROUP FOR AN 11.1% STAKE IN LCH SA, A DIRECT INVESTMENT IN A LEADING MULTI-ASSET EUROZONE BASED CCP.CLEARING SERVICES AGREEMENT EXPECTED TO BE SIGNED IN Q4 2017.EURONEXT TERMINATES DERIVATIVES CLEARING AGREEMENT WITH INTERCONTINENTAL EXCHANGE.  Full Article

London Stock Exchange group H1 revenue up 18 pct to 853 mln stg
Thursday, 3 Aug 2017 02:00am EDT 

Aug 3 (Reuters) - London Stock Exchange Group Plc ::INTERIM DIVIDEND UP 20 PERCENT TO 14.4 PENCEPER SHARE.H1 REVENUE UP 18% TO £853 MILLION (H1 2016: £722 MILLION).H1 ADJUSTED OPERATING PROFIT 2 UP 20% AT £398 MILLION (H1 2016: £333 MILLION).H1 ON A REPORTED BASIS: OPERATING PROFIT OF £305 MILLION (H1 2016: £199 MILLION).H1 ADJUSTED EPS 2 UP 23% AT 71.2 PENCE (H1 2016: 57.7 PENCE.INTERIM DIVIDEND INCREASED 20% TO 14.4 PENCE PER SHARE.LONDON STOCK EXCHANGE - EXPECT TO DELIVER INCREASED SHAREHOLDER RETURNS; IN JUNE WE SET TARGETS FOR CONTINUED GROWTH, IMPROVING FINANCIAL PERFORMANCE.GROUP REMAINS WELL PLACED, DIVERSIFIED BOTH BY BUSINESS ACTIVITY AND BY GEOGRAPHY.LONDON STOCK EXCHANGE GROUP PLC - HY CAPITAL MARKETS REVENUE OF 190 MILLION POUNDS VERSUS 182 MILLION POUNDS A YEAR EARLIER.LONDON STOCK EXCHANGE GROUP PLC - HY INFORMATION SERVICES REVENUE OF 355 MILLION POUNDS VERSUS 285.9 MILLION POUNDS A YEAR EARLIER.  Full Article

British regulator says new listings proposals not instigated by govt or exchange
Thursday, 13 Jul 2017 10:06am EDT 

July 13 (Reuters) - Chief Executive of U.K. Regulator Financial Conduct authority says::New listings proposals not instigated by government or the London Stock Exchange .  Full Article

London Stock Exchange Group sees group EBITDA margin about 55 pct by 2019
Monday, 12 Jun 2017 08:10am EDT 

June 12 (Reuters) - London Stock Exchange Group Plc ::LSEG Plc Investor Update .‍Sees ftse russell- continued double-digit revenue growth - 2017-2019​.‍Sees- continued double-digit revenue growth in otc clearing at lch - 2017-2019​.Sees ‍next phase cost saves of £50m p.a. - by exit 2019 for group​.‍sees group ebitda margin c.55 pct by 2019 (2016: 46.5 pct) for group​.Sees group operating expenses held at c.4 pct p.a. Increase 2017-2019.  Full Article

London Stock Exchange to acquire yield book & Citi FI indices for $685 mln
Tuesday, 30 May 2017 02:00am EDT 

May 30 (Reuters) - London Stock Exchange Group Plc :LSEG to acquire yield book & Citi FI indices.LSEG to acquire yield book & citi FI indices.Attractive revenue and cost synergies of $30 million and $18 million respectively to be achieved through new product opportunities and operational efficiencies.Barclays Bank Plc, acting through its investment bank acted as financial advisor to london stock exchange group.Freshfields Bruckhaus Deringer LLP was counsel to London Stock Exchange Group.Acquisition is being funded from existing cash resources and credit facilities.  Full Article

Citi sells its fixed income analytics and index businesses to London Stock Exchange
Tuesday, 30 May 2017 02:00am EDT 

May 30 (Reuters) - Citigroup Inc :Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange group.‍transaction represents strategic business decision by Citi following an in-depth review process​.Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange Group.Sale for a total cash consideration of $685 million, subject to customary adjustments.Transaction includes Citi's fixed income analytics platform, yield book, and Citi fixed income indices which include world government bond index.Subject to regulatory clearance and other customary closing conditions, transaction is anticipated to close in second-half of 2017.Citi made decision to divest businesses following a strategic review process.Citi believes that LSEG is a partner that will optimize outcome for fixed income analytics and index businesses.Citi's institutional clients group advised Citi on transaction .Skadden, ARPS, Slate, Meagher & Flom LLP served as legal advisor to Citi.  Full Article

LSEG reports higher first-quarter income from cont ops
Wednesday, 26 Apr 2017 02:00am EDT 

April 26 (Reuters) - London Stock Exchange Group Plc :Interim management statement.Q1 total income from continuing operations up 19 pct to £458.7 million.Q1 gross profit (after cost of sales) up 17 pct.Q1 total revenue from continuing operations 420.6 million stg versus 356.3 million stg year ago.Group remains actively engaged in exploring selective ongoing organic and inorganic investments in order to drive further growth.Q1 LCH income increased 31 pct (up 21 pct at constant currency).Q1 post trade services (Italy) revenue up 18 pct (up 6 pct at constant currency).Q1 information services revenues up 24 pct (up 9 pct on organic and constant currency basis).Q1 capital markets revenues up 1 pct (down 4 pct at constant currency).Q1 technology services revenues up 27 pct (up 18 pct at constant currency).Well positioned as an open access financial markets infrastructure group to benefit from introduction of Mifid II.  Full Article

LSE Group says notes Euronext-ICE agreement on derivatives clearing unit
Monday, 3 Apr 2017 06:44am EDT 

London Stock Exchange Group Plc : Notes Euronext announcement over deal with ICE Clear Netherlands for provision of clearing services for its financial derivatives and commodities markets . LCH SA is in discussions to establish a connection to turquoise, pan-european mtf venue with more than 10 pct market share .In 2016 contribution from derivatives clearing was immaterial to LCH SA, at less than 8 percent of LCH SA's adjusted operating profit.  Full Article

Deutsche Boerse: EU's decision to prohibit DBAG and LSEG deal officially served to DBAG
Friday, 31 Mar 2017 05:09am EDT 

Deutsche Boerse AG :Today, decision of European Commission to prohibit recommended allshare merger between Deutsche Börse AG ("DBAG") and London Stock Exchange Group Plc ("LSEG") has officially been served to DBAG.  Full Article

LSE launches 200 million pound share buyback
Thursday, 30 Mar 2017 01:57am EDT 

London Stock Exchange Group Plc : London Stock Exchange Group announces that it is to commence a 200 million pound buyback programme to repurchase ordinary shares in capital .Share buyback to be carried out in two tranches.  Full Article

RPT-London Stock Exchange Group tests blockchain for private company shares

NEW YORK/LONDON, July 19 The London Stock Exchange Group Plc has teamed up with IBM to build a blockchain-based platform to digitally issue private shares of small and medium enterprises in Italy.