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LSE data unit helps exchange offset weaker markets
January 24, 2013 / 7:24 AM / 5 years ago

LSE data unit helps exchange offset weaker markets

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.

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

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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