Edition:
United States

London Stock Exchange's FY Total Income Up 9 Pct To 2.14 Bln Pounds


Friday, 1 Mar 2019 02:01am EST 

March 1 (Reuters) - London Stock Exchange Group Plc ::ANNUAL FINANCIAL REPORT.FY TOTAL REVENUE UP 8 PCT TO 1,911 MILLION POUNDS (2017: 1,768 MILLION POUNDS).FY TOTAL INCOME UP 9 PCT TO 2,135 MILLION POUNDS (2017: 1,955 MILLION POUNDS).FY ADJUSTED OPERATING PROFIT UP 15 PCT AT 931 MILLION POUNDS (2017: 812 MILLION POUNDS) .FY LCH OTC REVENUES UP 16 PCT (UP 17 PCT ON A CONSTANT CURRENCY BASIS).FY OPERATING PROFIT UP 20 PCT AT 751 MILLION POUNDS (2017: 626 MILLION POUNDS).PROPOSED FINAL DIVIDEND INCREASED TO 43.2 PENCE PER SHARE - A 17 PCT INCREASE IN FULL YEAR DIVIDEND TO 60.4 PENCE PER SHARE."BUSINESSES, INCLUDING THOSE PERCEIVED TO BE MOST EXPOSED TO BREXIT, SUCH AS CLEARING, CONTINUE TO PERFORM VERY WELL".REMAINS ON TRACK TO ACHIEVE COST SYNERGIES ANNOUNCED AS PART OF YIELD BOOK ACQUISITION.INTEND TO FURTHER DEVELOP CAPITAL FORMATION, INFORMATION SERVICES AND POST TRADE AND RISK MANAGEMENT SERVICES BUSINESSES IN YEARS AHEAD.IN 2018, LSEG OPERATED AGAINST A BACKDROP OF MACROECONOMIC AND POLITICAL DISRUPTION, CONTINUED UNCERTAINTY AROUND IMPLEMENTATION OF BREXIT.