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London Stock Exchange Reports Forecast-Beating 3Q Income

Updated 23 Oct 2020
LSE

Shares of London Stock Exchange Group PLC (LON: LSE) trade slightly in the negative territory despite reporting a better-than-expected third-quarter income.

LSE posted total income of £600 million pounds for the quarter ending September 30, exceeding the market consensus of £592 million.

The group said it expects to close a major deal to acquire data analytics company Refinitiv for $27 billion beginning of the next year.

“We continue to engage constructively with the European Commission and believe the potential divestment of the Borsa Italiana group will contribute significantly to addressing the EU’s competition concerns,” LSE Chief Executive David Schwimmer said.

In order to ease concerns on the side of regulatory authorities, LSE sold Borsa Italiana to Euronext.

London Stock Exchange share price in a muted reaction after beating income consensus October 2020

LSE share price trades at 8494p, or -0.26% on the day so far. Shares are up about 10% since the start of the year. Today’s low marks the lowest the stock traded in over 2 months.

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