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London Stock Exchange Group PLC (LSE.L)

LSE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Euronext reiterates interest in LCH clearing business
Wednesday, 29 Mar 2017 07:58am EDT 

Euronext : Has noted EU antitrust regulators' decision to block LSE/Deutsche Boerse deal . The LSE's clearing arm, LCH, is one of the world's biggest, and the exchange had agreed to sell its LCH's Paris arm to French bourse Euronext if the merger went ahead. That sale will now not happen, the LSE said. .Euronext Chief Executive Stephane Boujnah said on Wednesday that it was still willing to buy the LCH clearing business. [nL5N1H6264].  Full Article

LSE announces additional market for issuance of primary debt
Thursday, 9 Mar 2017 05:01am EST 

London Stock Exchange : Announces additional market for issuance of primary debt targeted at institutional and professional investors .Exchange-regulated multilateral trading facility (MTF) market will operate alongside co's other markets.  Full Article

London Stock Exchange full-year profit rises
Friday, 3 Mar 2017 02:00am EST 

London Stock Exchange Group Plc : Final results . FY total income up 17 pct to £1,657.1 million (2015: £1,418.6 million) . FY total revenue up 14 pct to £1,515.6 million (2015: £1,324.7 million) . FY adjusted operating expenses 2 continue to be well controlled, at £791.6 million - up 4 pct on an organic and constant currency basis . FY adjusted operating profit 2 up 17 pct at £685.8 million (2015: £584.7 million) . FY adjusted EPS 2 up 21 pct at 124.7 pence (2015: 103.4 pence); basic EPS of 63.8 pence (2015: 74.8 pence) . Proposed final dividend increased to 31.2 pence per share - a 20 pct increase in full year dividend to 43.2 pence per share . Final dividend 31.2 penceper share . Total dividend up 20 percent to 43.2 penceper share .Continues to work hard on its proposed merger with Deutsche Börse Ag - awaiting outcome of european commission phase II process on or before 3 April 2017.  Full Article

LSE buys further stake in clearing arm LCH

Sept 13 London Stock Exchange Group (LSE) has agreed to buy an additional stake of up to 6.8 percent in its clearing arm LCH from some of its minority shareholders, the company said in a statement on Wednesday.