![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
CME Group Inc | NASDAQ:CME | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.47 | 0.75% | 198.48 | 198.40 | 198.47 | 199.55 | 197.6601 | 198.29 | 872,861 | 19:04:05 |
By Adam Clark
NEX Group PLC (NXG.LN) said on Tuesday that its profit rose slightly in financial 2018, as it prepares for its takeover by CME Group Inc. (CME).
The financial markets technology company said it made a pretax profit of 125 million pounds ($167.9 million) for its year ended March 31, compared with GBP122 million the prior year.
Trading profit excluding one-off items increased 9% to GBP160 million, as statutory profit was weighed down by restructuring costs.
Revenue rose 9% to GBP591 million. Revenue from NEX Markets, its trading platform arm, increased 6% to GBP326 million in constant currency. NEX Optimisation, which offers risk and post-trade services, increased revenue by 7% to GBP260 million.
NEX said it has identified an additional GBP10 million of annualized cost savings since the first half of financial 2018, bringing its total run-rate savings to an annualized GBP50 million. The one-off cost of achieving the cost cuts will be GBP19 million, NEX said.
NEX recommended a final dividend per share of 7.65 pence. This brings its full-year dividend to 11.15 pence a share, down from 38.5 pence the prior year.
Last Friday, NEX shareholders voted to approve CME's $5.3 billion takeover offer in a cash-and-shares deal. The deal is expected to be completed in the second half of 2018.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
May 22, 2018 02:42 ET (06:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year CME Chart |
1 Month CME Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions