London Stock Exchange Group 1Q Underlying Income Rose
April 28 2021 - 1:48AM
Dow Jones News
By Adria Calatayud
London Stock Exchange Group PLC said Wednesday that pro forma
total income for the first quarter rose on an underlying basis, and
that its integration of data provider Refinitiv is well under
way.
The stock-exchange and financial-information company said pro
forma total income--excluding recoveries--for the first three
months of the year was 1.68 billion pounds ($2.34 billion) compared
with GBP1.70 billion for the same period last year. On a
constant-currency basis and adjusting for deferred revenue, total
income rose 3.9%.
The company said it delivered a strong underlying performance
across all divisions, driven by new business growth and strong
customer retention.
LSEG said around GBP40 million of cost synergies from the
Refinitiv deal--which was completed at the end of January--have
already been realized, and that it expects to close its divestment
of Borsa Italiana Group shortly in the second quarter.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 28, 2021 02:33 ET (06:33 GMT)
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