Stock Groups

London Stock Exchange Q3 revenue up 2%, says Refinitiv savings on track -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The London Stock Exchange can be seen in London during rush hour on April 11th 2011. REUTERS/Toby Melville

(Reuters). London Stock Exchange LON: Group posted 2.1% revenue growth in the third quarter. It also stated that it is on track for cost savings through the integration with Refinitiv.

According to the exchange, its pro forma basis income was 1.78 Billion Pounds ($2.46 Billions) for the three months ended September. This compares with the 1.75 Billion pounds last year.

David Schwimmer, Chief Executive of Refinitiv, stated that they are “making excellent progress” in their integration and were on target to realize 125 million pounds worth of cost synergies before 2021.

From this, Refinitiv was created. Thomson Reuters (NYSE :), parent of Reuters News. It was purchased by LSEG in a deal worth $27 billion in January 2021 by a consortium headed by Blackstone (NYSE :).

Thomson Reuters has a minor stake in LSEG. Refinitiv also pays Thomson Reuters for the news it distributes.

($1 = 0.7249 pounds)

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]