UPDATE 1-LSE data unit helps exchange offset weaker markets
By Luke Jeffs
LONDON Jan 24 (Reuters) - The London Stock Exchange's data business helped the group wipe out losses in capital markets and treasury income to beat forecasts with a 6 percent rise in quarterly income.
The LSE said on Thursday income for the three months to December rose to 209 million pounds ($330 million), compared with a forecast for 201 million.
The British exchange's 44 percent increase in data services income to 76 million pounds wiped out a 4 percent fall in capital markets revenue to 66 million and a 17 percent slide in net treasury income to 28 million.
"The group has continued to benefit from a more diversified range of businesses with particularly strong performances from our Information Services and our Technology operations", chief executive Xavier Rolet said.
The LSE Group's technology business income rose 5 percent for the quarter to 14 million pounds.
The LSE is seen by analysts as a possible bidder for the European share trading arm of NYSE Euronext which last month agreed to sell itself to energy group the IntercontinentalExchange and spin-off Euronext, the European stock market business. $1 = 0.6313 pound)
- Tweet this
- Share this
- Digg this
- Scots spurn independence but impatient for new powers
- Scots independence polls close, UK's future in the balance |
- Factbox - Scotland's independence vote: How will the results come?
- Salmond concedes defeat, demands more Scottish powers fast
- Support for Scottish independence at 46 percent - YouGov poll