Analyst Views: Having taken stock of the LSE’s results, what is your outlook?

 
Marion Dakers
JAMES HAMILTON | NUMIS
Markets remain receptive to IPOs and the regulatory environment continues to favour clearing. Most of the negative impact from lower treasury revenues has now impacted the P&L and the cost synergies are flowing... We believe the LSE is well positioned for this year and beyond. Add.

PHILIP MIDDLETON | BANK OF AMERICA ML
Earnings for the year were a bit ahead of our numbers... This announcement seems clearly positive, as it shows the company making real progress in taking advantage of LCH’s strong position in [over the counter] clearing. We reiterate our Buy.

PETER LENARDOS | RBC CAPITAL MARKETS
Both the amount and timing of the synergies [with LCH] are better than we anticipated. We believe this statement is positive, and that LSEG should continue to generate profit growth in excess of its top-line growth as it benefits from scale efficiencies and increased and accelerated synergies.

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