The London Stock Exchange Group released this morning a trading statement for Q1 21.
The overall picture is mostly reassuring regarding revenues, even if the mix is of a weaker than expected quality (small miss in the data & analytics division). Cost synergies are well on track and even ahead of the guidance on an annualised basis. The LSEG share price has fallen sharply since the Q4 20 earnings release and a profit warning. These new numbers will give it a floor.
28 Apr 2021
Reassuring numbers
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Reassuring numbers
London Stock Exchange Group plc (LSEG:LON) | 8,974 -4666.5 (-0.6%) | Mkt Cap: 48,065m
- Published:
28 Apr 2021 -
Author:
Farhad Moshiri -
Pages:
3
The London Stock Exchange Group released this morning a trading statement for Q1 21.
The overall picture is mostly reassuring regarding revenues, even if the mix is of a weaker than expected quality (small miss in the data & analytics division). Cost synergies are well on track and even ahead of the guidance on an annualised basis. The LSEG share price has fallen sharply since the Q4 20 earnings release and a profit warning. These new numbers will give it a floor.