April 26 London Stock Exchange Group
reported higher quarterly income as its clearing and FTSE
Russell businesses grew strongly, and said it is exploring
investments to drive growth after the collapse of its proposed
Deutsche Boerse merger.
LSE, which owns Borsa Italiana and the London Stock
Exchange, said on Wednesday it was still actively engaged in
exploring "selective ongoing" organic growth and inorganic
Boosted also by the weak sterling, total income from
continuing operations rose 19 percent to 458.7 million pounds
($588.8 million) in the quarter ended March 31, while comparable
revenue was up 18 percent at 420.6 million pounds.
Analysts on an average had expected income of 448.5 million
pounds and revenue of 411.6 million pounds, according to a
"The group has made a strong start to the year... We
continue to be actively engaged in exploring selective ongoing
organic and inorganic investments in order to drive further
growth," Chief Executive Xavier Rolet said in a statement.
Last month, European Union regulators blocked the 29 billion
euro merger between LSE and Deutsche Boerse, citing
concerns over a potential monopoly in the processing of bond
trades, formally ending a deal that unravelled in the wake of
the Brexit vote.
($1 = 0.7791 pounds)
(Reporting by Esha Vaish in Bengaluru; editing by Alexander
Smith and Louise Heavens)