January 24, 2013 / 7:24 AM / 5 years ago

LSE data unit helps exchange offset weaker markets

Workers speak above an electronic information board at the London Stock Exchange in the City of London January 2, 2013. REUTERS/Paul Hackett

LONDON (Reuters) - The London Stock Exchange’s (LSE.L) 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 NYX.N which last month agreed to sell itself to energy group the IntercontinentalExchange (ICE.N) and spin-off Euronext, the European stock market business.

$1 = 0.6313 pound)

Editing by Dan Lalor

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