LONDON: London Stock Exchange Group PLC (LSE), which has agreed a merger with German peer Deutsche Boerse, reported a rise in first-quarter revenue yesterday, aided by growth at its FTSE Russell, capital markets and clearing units.
The company, which also owns Borsa Italiana, said revenue rose 8 percent to ￡358.9 million (US$522.4 million) in the first quarter ended March 31, beating company-supplied average estimates of ￡350.1 million.
Revenue at its capital markets division, which makes money from fees paid by companies listing on its markets and trading of stocks and bonds, rose by 8 percent to ￡92.4 million. LCH.Clearnet, the clearing house, saw revenue increase by 14 percent, with growth coming from a rise in volume of over-the-counter derivative products.
