LONDON (IT BOLTWISE) – The London Stock Exchange Group (LSEG) posted impressive growth of 6.4 percent in the third quarter, exceeding analysts’ expectations. The data and analytics business, which has accounted for the majority of revenue since the acquisition of Refinitiv, was particularly robust. The announcement of a new £1bn share buyback program boosts investor confidence and could reverse year-to-date losses.
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The London Stock Exchange Group (LSEG) achieved remarkable growth of 6.4 percent in the third quarter, beating analysts’ expectations. Of particular note is the data and analytics business, which has accounted for a significant portion of revenue since the acquisition of Refinitiv. This development shows that LSEG is able to achieve stable growth despite challenging market conditions.
Another positive aspect is the announced share buyback program worth one billion pounds. This program is intended not only to support the share price, but also to optimize the company’s capital structure. Analysts see this as a clear signal that LSEG has more financial leeway again after the costly years of integrating Refinitiv.
At the same time, LSEG is pushing ahead with the realignment of its clearing business. The aim is to better manage the risks from derivative transactions and to become more independent of EU regulations. This strategic adjustment is also a response to increasing competition from Euronext and Deutsche Börse, both of which are expanding their own clearing.
Overall, LSEG reports back impressively with solid figures and a clear capital strategy. After a share price loss of over 15 percent since the beginning of the year, the latest move could mark a turnaround for the stock exchange operator and re-establish investor confidence in the strength of London’s financial infrastructure.
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