The London Stock Exchnage Group (LSEG) released some numbers (trading statement) this morning. Total revenue at £464m is 2.5% below expectations but, adjusted for the new accounting standard IFRS 15, this is line with expectations (and 4% below ours). The LSEG also announced it is purchasing another 15% of LCH Group for £384m, funded with cash and existing debt facilities. This will be accretive to earnings following completion and it takes LSEG’s ownership in LCH to 80%. Re
19 Oct 2018
Business as usual...strong growth...what's Brexit?
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Business as usual...strong growth...what's Brexit?
London Stock Exchange Group plc (LSEG:LON) | 8,982 -4850.3 (-0.6%) | Mkt Cap: 48,108m
- Published:
19 Oct 2018 -
Author:
Farhad Moshiri -
Pages:
3
The London Stock Exchnage Group (LSEG) released some numbers (trading statement) this morning. Total revenue at £464m is 2.5% below expectations but, adjusted for the new accounting standard IFRS 15, this is line with expectations (and 4% below ours). The LSEG also announced it is purchasing another 15% of LCH Group for £384m, funded with cash and existing debt facilities. This will be accretive to earnings following completion and it takes LSEG’s ownership in LCH to 80%. Re