London Stock Exchange Group – Another solid quarter

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10 Proven Strategies to Improve Your Lead Conversion RateThe London Stock Exchange Group has announced a third quarter trading update for the three months ended 30 September 2023:Good growth across all divisions with Data & Analytics growing by 7.2%

LSE are on track to deliver full year growth in total income towards the upper end of the 6-8% guidance range“The difficult economic backdrop doesn’t seem to be impacting LSE much. This is because around three quarters of its revenue is recurring, and the products and services it provides tend to be mission-critical to customers. This makes the LSE a pretty resilient business, as these results highlight.

The Refinitiv deal transformed LSE’s data capabilities, creating a financial powerhouse to rival Bloomberg. So far, the integration seems to be progressing broadly to plan. LSE’s Data & Analytics business, much of which came from the Refinitiv merger, grew by 7.2% in the quarter, a solid performance.

Confidence in the Refinitiv deal is growing. While it is still too early for LSE to declare victory, given the complexity of this multi-year merger, every quarter of good delivery will help to quieten the sceptics.”High UK inflation forces the Bank of England to make tough choicesThe views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.

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