Profit edges up at LSE

Operating profit was flat at £217.2m for the London Stock Exchange Group over the six months to September, up modestly on the previous year.

The group reported a seven per cent jump in revenue to £349.8m, as it hailed a “strong” financial performance in challenging markets over the period.

The LSE said that a 19 per cent fall in capital markets revenue to £129.7m was partly offset by a 25 per cent improvement in net treasury income, to £68.1m, from its clearing business.

Chief executive Xavier Rolet said: “We continue to adapt to an evolving regulatory landscape and market conditions remain challenging in some areas, notably in capital markets, but we remain strongly placed to benefit from market improvements and the opportunities presented by industry changes."

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April 22, 2014, 2:25pm