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| Name | Symbol | Market | Type |
|---|---|---|---|
| Lon.Stk.Exch.B | LSE:LSEB | London | Preference Share |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 195.00 | 0 | 01:00:00 |
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TIDMLSE TIDMLSEB
RNS Number : 4906P
London Stock Exchange Group PLC
26 March 2009
26 March 2009
PRE-CLOSE PERIOD UPDATE
London Stock Exchange Group plc
Unless otherwise stated, the following commentary refers to the 11 months ended
28 February 2009 and, where appropriate, to the corresponding period last year.
Figures for Borsa Italiana refer to the same time periods although the business
has only been part of London Stock Exchange Group plc since 1 October 2007.
London Stock Exchange Group plc ("the Exchange") today issued a routine update
ahead of the close period relating to the financial year ending 31 March 2009.
In summary:
Issuer Services
* In Issuer Services total money raised across our markets rose 86% to a record
GBP84bn, a strong increase in capital raising through further issues on our
market
* However, activity levels for new issues reflect the difficult market
environment, particularly since the half year. Nevertheless, there have been 149
new issues in London and 8 in Italy in the year to date
Trading Services
* Average daily number of SETS trades increased 17 per cent to 735,000, while
average daily value traded at GBP7.1bn per day declined 21 per cent, in line
with the average fall in the FTSE 100; trading at Borsa Italiana was down 12 per
cent to 253,000 trades per day
* Equity trading in the five months to end February reflects the deterioration in
the market since October, with average daily value traded on SETS down 40 per
cent at GBP5.6bn compared to a 32 per cent fall in the average value of the FTSE
100; average daily volume traded in London was up 2 per cent to 730,000 and in
Italy it declined 17 per cent to 242,000 trades per day
* Derivatives volumes increased 12 per cent year to date to a record level of 88
million contracts, with EDX recording a 24 per cent increase driven by very
strong trading in Russian derivatives. Fixed income markets remain mixed with
MOT trades up 20 per cent, while MTS notional value traded decreased 10 per cent
Information Services
* Demand for professional terminals receiving LSE real time data remained
strong, given the market environment, at 107,000, representing a modest decrease
of 3,500 over last year and down 4,000 since the end of third quarter;
professional users of Borsa Italiana data were down 4,500 to 153,500, a
reduction of 2,000 since Q3
Post Trade Services
* While market volumes have been weaker, open interest in the derivatives market
remained strong at 4.5m contracts, up by 1 million contracts on last year and
the level of margin held has remained high in continuing volatile markets.
Commenting on current trading and outlook, Clara Furse, Chief Executive, said:
"Trading volumes on SETS have increased over the year to date, but value traded
has fallen, particularly in the second half of the year, reflecting a sharp
reduction in the value of the FTSE 100 as all trading venues experience very
difficult market conditions. However, our markets remain open for business,
robust, well regulated and ever more vital to economic recovery. Our Issuer
Services division saw a record GBP84 billion raised by companies mainly seeking
further equity capital. And our Post Trade services continue to work very well
in uncertain markets.
"We have produced a resilient overall performance and benefit from a sound
financial position. We continue to trade in line with the Board's
expectations for the full year."
The Exchange will announce its Preliminary results for the financial year ending
31 March 2009 on 20 May 2009.
Further information is available from:
+---------------------------+--------------------------------+------------------------+
| London Stock Exchange | Alessandro Pavesi - Media | +39 02 72426 211 |
+---------------------------+--------------------------------+------------------------+
| | Patrick Humphris - Media | +44 (0) 20 7797 1222 |
+---------------------------+--------------------------------+------------------------+
| | Paul Froud - Investor | +44 (0) 20 7797 3322 |
| | Relations | |
+---------------------------+--------------------------------+------------------------+
| | | |
+---------------------------+--------------------------------+------------------------+
| Finsbury | Alex Simmons | +44 (0) 20 7251 3801 |
+---------------------------+--------------------------------+------------------------+
Issuer Services
+-------------------------------+--------+--------+----------+
| | 11 months to | |
+-------------------------------+-----------------+----------+
| | end February | Variance |
+-------------------------------+-----------------+----------+
| | 2009 | 2008 | % |
+-------------------------------+--------+--------+----------+
| New Issues | | | |
+-------------------------------+--------+--------+----------+
| Main Market, PSM & SFM | 63 | 114 | -45% |
+-------------------------------+--------+--------+----------+
| AIM | 86 | 251 | -66% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana | 8 | 31 | -74% |
+-------------------------------+--------+--------+----------+
| Total | 157 | 396 | -60% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Company Numbers (as at end | | | |
| February) | | | |
+-------------------------------+--------+--------+----------+
| Main Market, PSM & SFM | 1,538 | 1,603 | -4% |
+-------------------------------+--------+--------+----------+
| AIM | 1,514 | 1,683 | -10% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana | 300 | 304 | -1% |
+-------------------------------+--------+--------+----------+
| Total | 3,352 | 3,590 | -7% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Money raised (GBPbn) | | | |
+-------------------------------+--------+--------+----------+
| LSE New money raised | 6.9 | 21.4 | -68% |
+-------------------------------+--------+--------+----------+
| LSE Further money raised | 69.3 | 16.2 | 328% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana new and | 7.5 | 7.5 | 0% |
| further | | | |
+-------------------------------+--------+--------+----------+
| Total money raised | 83.7 | 45.1 | 86% |
+-------------------------------+--------+--------+----------+
Trading Services
+-------------------------------+--------+--------+----------+
| | 11 months to | |
+-------------------------------+-----------------+----------+
| | end February | Variance |
+-------------------------------+-----------------+----------+
| | 2009 | 2008 | % |
+-------------------------------+--------+--------+----------+
| Equity Volume Bargains (m) | | | |
+-------------------------------+--------+--------+----------+
| LSE | 171.3 | 145.9 | 17% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana | 58.7 | 66.6 | -12% |
+-------------------------------+--------+--------+----------+
| Total | 230.0 | 212.5 | 8% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Equity Value Traded | | | |
+-------------------------------+--------+--------+----------+
| LSE (GBPbn) | 1,653 | 2,095 | -21% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana (EURbn) | 793 | 1,427 | -44% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana (GBPbn) | 642 | 1,005 | -36% |
+-------------------------------+--------+--------+----------+
| Total (GBPbn) | 2,295 | 3,100 | -26% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Equity Average Daily Bargains | | | |
| ('000) | | | |
+-------------------------------+--------+--------+----------+
| LSE | 735 | 629 | 17% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana | 253 | 288 | -12% |
+-------------------------------+--------+--------+----------+
| Total | 988 | 917 | 8% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Equity Average Daily Value | | | |
| Traded | | | |
+-------------------------------+--------+--------+----------+
| LSE (GBPbn) | 7.1 | 9.0 | -21% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana (EURbn) | 3.4 | 6.2 | -45% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana (GBPbn) | 2.8 | 4.4 | -36% |
+-------------------------------+--------+--------+----------+
| Total (GBPbn) | 9.9 | 13.4 | -26% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| Equity Average Bargain Size | | | |
+-------------------------------+--------+--------+----------+
| LSE (GBP'000) | 9.6 | 14.4 | -33% |
+-------------------------------+--------+--------+----------+
| Borsa Italiana (EUR'000) | 13.5 | 21.4 | -37% |
+-------------------------------+--------+--------+----------+
| | | | |
+-------------------------------+--------+--------+----------+
| SETS Yield | | | |
+-------------------------------+--------+--------+----------+
| Yield per bargain GBP | 0.70 | 0.89 | -21% |
+-------------------------------+--------+--------+----------+
| Yield basis points | 0.87 | 0.79 | 10% |
+-------------------------------+--------+--------+----------+
+------------------------------+--------+--------+----------+
| | 11 months to | |
+------------------------------+-----------------+----------+
| | end February | Variance |
+------------------------------+-----------------+----------+
| | 2009 | 2008 | % |
+------------------------------+--------+--------+----------+
| Derivatives (contracts m) | | | |
+------------------------------+--------+--------+----------+
| EDX | 55.2 | 44.5 | 24% |
+------------------------------+--------+--------+----------+
| IDEM | 32.8 | 34.1 | -4% |
+------------------------------+--------+--------+----------+
| Total | 88.0 | 78.6 | 12% |
+------------------------------+--------+--------+----------+
| | | | |
+------------------------------+--------+--------+----------+
| Fixed Income | | | |
+------------------------------+--------+--------+----------+
| Borsa Italiana MOT (EURbn | 176.1 | 140.0 | 26% |
| nominal) | | | |
+------------------------------+--------+--------+----------+
| Borsa Italiana MOT number of | 3.0 | 2.5 | 20% |
| trades (m) | | | |
+------------------------------+--------+--------+----------+
| MTS (EURbn nominal) | 16,800 | 18,750 | -10% |
+------------------------------+--------+--------+----------+
Information
+-------------------------------+---------+---------+----------+
| | End February | Variance |
+-------------------------------+-------------------+----------+
| | 2009 | 2008 | % |
+-------------------------------+---------+---------+----------+
| LSE Terminals | | | |
+-------------------------------+---------+---------+----------+
| Professional - UK | 43,000 | 45,000 | -4% |
+-------------------------------+---------+---------+----------+
| Professional - International | 64,000 | 65,500 | -2% |
+-------------------------------+---------+---------+----------+
| LSE Total | 107,000 | 110,500 | -3% |
+-------------------------------+---------+---------+----------+
| | | | |
+-------------------------------+---------+---------+----------+
| Borsa Italiana - Professional | 153,500 | 158,000 | -3% |
+-------------------------------+---------+---------+----------+
Post Trade
+-------------------------------+--------+---------+----------+
| | 11 months to | |
+-------------------------------+------------------+----------+
| | end February | Variance |
+-------------------------------+------------------+----------+
| | 2009 | 2008 | % |
+-------------------------------+--------+---------+----------+
| CC&G Clearing: | | | |
+-------------------------------+--------+---------+----------+
| Equity Clearing (m) | 59.9 | 67.6 | -11% |
+-------------------------------+--------+---------+----------+
| Derivative Clearing (m) | 32.8 | 34.1 | -4% |
+-------------------------------+--------+---------+----------+
| Total Contracts (m) | 92.7 | 101.7 | -9% |
+-------------------------------+--------+---------+----------+
| Open interest (m) (as at end | 4.5 | 3.5 | 29% |
| February) | | | |
+-------------------------------+--------+---------+----------+
| | | | |
+-------------------------------+--------+---------+----------+
| Monte Titoli: | | | |
+-------------------------------+--------+---------+----------+
| Settlement Instructions (m) | 41.4 | 49.3 | -16% |
+-------------------------------+--------+---------+----------+
| Custody assets under | 2.6 | 2.7 | -4% |
| management (EURtn) (as at end | | | |
| February) | | | |
+-------------------------------+--------+---------+----------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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