London Stock Exchange Group profits jump as it hails Refinitiv deal a success LSEG The London Stock Exchange Group said its “strategy is working” today as it posted a jump in pre-tax profits and claimed its acquisition of data firm Refintiv had delivered a boost to to the bottom line. The parent company of London’s bourse said pre-tax profits had jumped 38.8 per cent to £1.24bn last year, up [...]
The City after Brexit: With Refinitiv, Shearman & Sterling and the Investment Association Brexit, ‘greenwashing’, COP26, the EU/UK taxonomy, China in the wake of the Evergrande affair, the EU’s push for ‘strategic autonomy’ as well as privacy and the use of data are being discussed by CSFI director Andrew Hilton and this panel. They also zoom in on the latest IA report on asset management, and have a [...]
London Stock Exchange traders hit by third Refinitiv outage today London Stock Exchange’s Refinitiv news and data platform Eikon experienced an outage of several hours today, the company said, its third such glitch this year. The company reported similar issues in April and June. An LSEG customer support representative said the issue which started mid-afternoon had mostly affected users in Asia and the Europe, Middle [...]
London Stock Exchange revenue climbs 2 per cent as Refinitiv deal nears cost savings October 22, 2021 Shares in London Stock Exchange dropped as much as 3 per cent this morning after it said revenue edged up by 2.1 per cent in the third quarter. The exchange said it was on track to make cost savings from its integration of the data platform Refinitiv, which it acquired in January in a $27bn [...]
Refinitiv boss David Craig to leave London Stock Exchange May 26, 2021 London Stock Exchange Group today said David Craig, the boss of its Refinitiv data and analytics business, would depart at the end of the year
LSE warns Reuters paywall plan breaches Refinitiv deal terms May 20, 2021 Reuters has reportedly been warned by the London Stock Exchange Group that its plan to instigate a paywall on its content is in breach of the London bourse’s purchase of data provider Refinitiv. A letter from the LSE to the news provider, which was reported by Barron’s, says that the plan, which was announced in [...]
London Stock Exchange opens investigation after Refinitiv data outage April 8, 2021 The owner of the London Stock Exchange today said it was opening an investigation into a long outage at Refinitiv, the markets data platform it acquired earlier this year. The outage at Refinitiv’s Eikon software, which provides market prices, began at roughly 7.30 this morning. Subscribers who use the service to access data for trading [...]
London Stock Exchange shares tumble on Refinitiv merger costs March 5, 2021 Shares in the London Stock Exchange Group (LSEG) tumbled today after the company revealed its $27bn mega-merger with Refinitiv will cost more than expected and lead to job cuts. The stock market operator said it expected capital expenditure to hit £850m this year, with £150m of associated operating costs. This marked an increase in the [...]
London Stock Exchange Group sees income increase after Refinitiv deal completes April 28, 2021 The London Stock Exchange Group (LSEG) posted a small increase in income for a first quarter in which it finally completed the acquisition of data firm Refinitiv. Total income at the firm was up 3.9 per cent at £1.8bn for the period, while gross profit climbed 4.0 per cent on a constant currency basis to £1.5bn. [...]
London Stock Exchange completes $27bn Refinitiv takeover January 29, 2021 The London Stock Exchange today said it had completed its $27bn (£19.7bn) takeover of Refintiv, kicking off its new era as a major player in financial data. The blockbuster deal, which was given the green light by EU regulators earlier this month, gives the bourse a significant footing in the information market and creates a [...]