Company News

LSE Group Q3 income rises, CFO to retire at the end of 2020

Oct 18 - London Stock Exchange Group on Friday reported a 12 percent rise in total income from continuing operations to 587 million pounds ($754.88 million) in the quarter ended Sept. 30.

The numbers will be a boost to LSE as it pushes on with a $27 billion plan to buy data and analytics firm Refinitiv after rebuffing a $39 billion unsolicited approach from Hong Kong Exchanges and Clearing Ltd.

Total revenue was up 12% at 521 million pounds.

Analysts had expected total income of 565 million pounds, with total revenue of 506 million pounds according to company supplied estimates from 10 analysts.

The bourse operator also said its finance head David Warren would retire from the company and step down from the board by the end of 2020.

Refinitiv is 45%-owned by Thomson Reuters, the parent of Reuters News. ($1 = 0.7776 pounds) (Reporting by Noor Zainab Hussain in Bengaluru Editing by Rachel Armstrong)