The London Stock Exchange Group (LSEG) this morning released its trading statement for Q321. Total income was bang in line with expectations, as was the gross profit. However, the stock is down about 3.5%, probably on concerns that, according to management, the strong YoY growth in Q321 will not be sustainable going into Q421. Concern regarding the supply chain pressures impacting the timing of some technology spend this year is another reason for profit-taking.
22 Oct 2021
Cautious on short-term growth
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Cautious on short-term growth
London Stock Exchange Group plc (LSEG:LON) | 8,767 -16657.3 (-2.1%) | Mkt Cap: 46,956m
- Published:
22 Oct 2021 -
Author:
Farhad Moshiri | Sylvain Perret -
Pages:
2
The London Stock Exchange Group (LSEG) this morning released its trading statement for Q321. Total income was bang in line with expectations, as was the gross profit. However, the stock is down about 3.5%, probably on concerns that, according to management, the strong YoY growth in Q321 will not be sustainable going into Q421. Concern regarding the supply chain pressures impacting the timing of some technology spend this year is another reason for profit-taking.