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Trading statements

London Stock Exchange income up

26 April 2017 07:21

London Stock Exchange Group has reported a strong start to 2017 with Q1 total income from continuing operations up 19% at £458.7m and gross profit (after cost of sales) up 17%.

The group said the strong results reflected good headline growth across all core business areas as it continued to deliver and execute on its strategy; revenue up 18% (up 8% on an organic and constant currency basis).#

The group said it remained actively engaged in exploring selective ongoing organic and inorganic investments in order to drive further growth.

Chief executive Xavier Rolet said: "The group has made a strong start to the year with growth across all of our core businesses.

"In particular, we recorded strong results in the SwapClear OTC clearing service, and at FTSE Russell. We also have the first contribution from Mergent, having completed the transaction at the start of the quarter.

"We are well positioned as an open access financial markets infrastructure group to benefit from the introduction of MiFID II and remain focused on executing our strategy, partnering with customers and delivering value for shareholders.

"We continue to be actively engaged in exploring selective ongoing organic and inorganic investments in order to drive further growth."

Story provided by StockMarketWire.com

Related Company: LSE

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