Arab Today, arab today london stock exchange posts flat interim profits
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

London Stock Exchange posts flat interim profits

Arab Today, arab today

Arab Today, arab today London Stock Exchange posts flat interim profits

London - AFP

London Stock Exchange Group on Friday posted flat first-half net profits, despite rising sales, as it grappled with \"challenging\" market conditions. Earnings after taxation stood at £116.0 million ($184 million, 144 million euros) in the six months to September, compared with £116.1 million in the same part of last year, the LSE said in a results statement. Revenue grew by seven percent to £349.8 million in the first half, boosted by growth by its information services, post-trade services and technology businesses. \"We continue to adapt to an evolving regulatory landscape and market conditions remain challenging in some areas, notably in capital markets, but we remain strongly placed to benefit from market improvements and the opportunities presented by industry changes,\" said chief executive Xavier Rolet. In recent years, the LSE group -- which operates the London Stock Exchange and Italy\'s Borsa -- has been aggressive in trying to woo foreign companies to list in London. At the same time, the company has also sought to enlarge its business through acquisitions. Last December, the LSE bought the remaining 50-percent stake in stock markets data provider FTSE International Ltd that it did not already own from publisher Pearson. In March, meanwhile, it announced a deal to buy a majority stake of up to 60 percent in leading independent clearing house group LCH.Clearnet. However, the LSE failed last year in an attempt to purchase Canada\'s TMX Group Inc, operator of the Toronto Stock Exchange. \"Looking ahead, the group is well placed as we continue to adjust our business to an evolving industry and regulatory landscape,\" it added on Friday. \"We will continue our focus on operational and integration efficiencies, progressing the transaction with LCH.Clearnet as well as developing further opportunities to grow and diversify the group.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today london stock exchange posts flat interim profits Arab Today, arab today london stock exchange posts flat interim profits

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today london stock exchange posts flat interim profits Arab Today, arab today london stock exchange posts flat interim profits

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday