LSE revenue rises 2% in 2015


  • Business
  • Saturday, 05 Mar 2016

LONDON: London Stock Exchange Group Plc said revenue increased 2% last year in an earnings report that will be closely scrutinized as the exchange operator has become a highly sought-after asset.

LSE’s sales rose to £2.3bil pounds (US$3.2bil), a jump of 78% including the acquisitions it made last year, the company said in a statement. The exchange company said it will increase its dividend to 25.2 pence. LSE confirmed last week that it's in merger discussions with Deutsche Boerse AG, Europe's biggest derivatives exchange.

Bloomberg News reported on Monday that Intercontinental Exchange Inc, the owner of the New York Stock Exchange, is also considering a bid for the London firm, pushing its shares to a record.

In yesterday’s statement, LSE repeated that it’s in “detailed discussions” with the German company. LSE’s board confirmed earlier in the week that it hasn’t received a proposal from ICE and said there’s no certainty that an offer will be presented. — Bloomberg


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