London Stock Exchange reports income rise
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LONDON, Jan 24 AFP
January 24 2013, 7:59PM
London Stock Exchange Group (LSEG) says its income grew six per cent in the third quarter compared with a year earlier to almost STG209 million ($A316 million).
LSEG, which operates the London Stock Exchange and Italy's Borsa, said revenue grew to STG208.9 million in the three months to December 31 compared with the equivalent period in 2011/12.
"This has been another good quarter," LSE chief executive Xavier Rolet said in a statement on Thursday.
"The Group has continued to benefit from a more diversified range of businesses with particularly strong performances from our information services and our technology operations."
LSEG added that it was focused on completing a deal to buy a majority stake of up to 60 per cent in leading independent clearing house group LCH.Clearnet -- after extending a deadline for the tie-up to January 31.
Clearing houses play a key role in the transaction of shares between two parties, charging clients a fee to guarantee deals should one side default.