LSE data unit helps exchange offset weaker markets

Friday, 25 January 2013 02:04 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): The London Stock Exchange’s data business helped the group wipe out losses in capital markets and treasury income to beat forecasts with a 6 percent rise in quarterly income. The LSE said on Thursday income for the three months to December rose to 209 million pounds ($ 330 million), compared with a forecast for 201 million.

The British exchange’s 44 per cent increase in data services income to 76 million pounds wiped out a 4 per cent fall in capital markets revenue to 66 million and a 17 per cent slide in net treasury income to 28 million.

“The group has continued to benefit from a more diversified range of businesses with particularly strong performances from our Information Services and our Technology operations”, chief executive Xavier Rolet said. The LSE Group’s technology business income rose 5 per cent for the quarter to 14 million pounds.

The LSE is seen by analysts as a possible bidder for the European share trading arm of NYSE Euronext which last month agreed to sell itself to energy group the IntercontinentalExchange and spin-off Euronext, the European stock market business. $ 1 = 0.6313 pound)

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.