London Stock Exchange prospers after bull run for equity markets

City A.M. Reporter
THE LONDON Stock Exchange (LSE) posted a 48 per cent rise in third-quarter income yesterday, thanks to a near doubling of equity and debt issuance and an improved performance in its core securities-trading business.

Income for the three months through December rose to £308.9m from £208.9m the previous year.

The figure includes a £6.9m gain from the sale of shares in a non-core asset.

The bumper results were further proof that chief executive Xavier Rolet’s strategy to diversify and move into strong potential growth areas had paid off, analysts said.

As part of that strategy the bourse acquired a majority stake in clearing house LCH.Clearnet last year.

Revenues in capital markets gained 21 per cent.