London Stock Exchange Share Discussion Threads

[broadwood] 05/3/2015 10:05

A buoyant IPO market boosted profits at the London Stock Exchange (LON:LSE) in 2014. Adjusted profit before tax rose by 19% to £492mln following the most new issues in the last seven years. Overall sales for the group jumped 32% to £1.28bn and revenues in its capital markets division, the unit responsible for handling listings, increased by 12% to £333mln. Last year the business welcomed 219 new firms, large and small, to its markets in London and Italy, the most since 2007 while the total value rose to £12bn, up 12%. AIM listings reached an 8 year high with 75 IPO transactions with a combined value of £2.5bn. LSE’s primary markets revenue was up 14% while higher equity and fixed income trading volumes resulted in an increase of 11% in secondary market revenue. "The group has delivered another strong financial performance, with organic growth in all business areas and contribution from acquisitions,” said chief executive Xavier Rolet. The exchange, which owns the FTSE Group, the operator of indexes including the FTSE 100, is in talks to sell the Russell Investment Management business it acquired as part of last year’s US$2.7bn purchase of the Frank Russell Company. Shares added 4p to 2,403p.

[broadwood] 05/3/2015 08:09

The London Stock Exchange saw revenues rise by 32% to £1.28bn in the last financial year, with organic revenues higher by 12% on an organic and constant currency basis. On an adjusted basis profits before tax improved 19% to hit £491.7m. For the full-year the company has proposed a final dividend of 12.8%, an improvement of 6.5% on an equivalent basis

[broadwood] 05/3/2015 07:44

Encouraging - lets see what the market thinks. Group Plc (LSE.L) reported a 19 percent jump in adjusted full-year pretax profit, helped by a flurry of stock market listings last year, its busiest for initial public offerings in seven years.

[cat] 24/11/2014 10:28

Massive breakout £48 target 18m

[broadwood] 24/11/2014 08:05

Citigroup London Stock Exchange Group PLC 24/11/2014 Upgrades Neutral Buy 2 1,750.00 2,400.00 2,103.00 650 2

[broadwood] 13/11/2014 07:25

London Stock Exchange revenues up

[sirshagalot] 03/10/2014 11:17

chart showing weakness share price will drop dyor

[broadwood] 10/9/2014 06:34

Since the last update on trading on 22 August 2014, trends are broadly unchanged. The Group has continued to see an encouraging pipeline of companies seeking to raise capital on the Group's markets and aggregate revenues from trading in secondary markets in August increased on the same period last year. Both FTSE and LCH.Clearnet performed well in August. The Group expects to announce its Interim results for the six months ending 30 September 2014 on 13 November 2014

[broadwood] 27/8/2014 15:03

Held its modest gains so far today despite that upcoming rights issue. Augers well.

[broadwood] 22/8/2014 14:27

The issue is being offered on the basis of three new shares for every 11 owned at a deeply discounted price of 1295p a share. LSE shares dipped 16p to 1989p on the news. The vast bulk of the £25 million the LSE is paying in fees will go to the underwiters of the issue of whom there are no fewer than eight - Barclays, RBC Capital Markets, Deutsche Bank, JPMorgan Cazenove, Banca IMI, Banco Santander, HSBC and Mitsubishi UFJ Securities

[broadwood] 22/8/2014 13:55

Doesn't happen very often - company announce a rights issue and the price goes up.

[broadwood] 22/8/2014 08:43

Price held up well.

[broadwood] 22/8/2014 07:22

London stock exchange group reported a 20 per cent increase in overall revenue (Source: Getty) The London Stock Exchange Group (LSE) has reported a 16 per cent increase in adjusted income to £323.9m for the three months ended 30 June 2014, with the company hailing a resurgence in the initial public offering (IPO) market. In results which the group said showed "strong financial performance", it also reported a 20 per cent increase in overall revenue to £299.9m and a 36 per cent increase in operating profit to £102m. A total of 78 issuers joined the market during the period, an increase on 33 for the same period last year, reflecting strong IPO activity. The total capital raised rose from £6.1bn to £20bn. In June the FTSE 100 company agreed a $2.7bn (£1.6bn) deal to buy Russell Investments, the American index compiler and asset manager. Today, the company announced an underwritten share issue intended to raise £938m for the acquisition of Russell, which will make the LSE the second-largest provider of exchange-traded funds in the US, and the third-largest in the world. Chief executive Xavier Rolot said: We continue to make good progress, delivering a strong financial performance this quarter with an increase in operating profit, reflecting organic growth and inorganic revenues across the Group. We have seen a resurgence in the IPO market with an increase in both the number of companies joining our markets and the amount of money raised. While the summer period is seasonally slower, our diversified business is very well positioned for further growth. The proposed acquisition of Russell Investments will help to expand the global footprint of the Group, particularly in the key U.S. market. Earlier in the week the LSE unveiled new board member Sharon Bowles who has joined the company as non-executive director. The company said Bowles, a former member of the European Parliament who served on the economic and monetary affairs committee, will bring "extensive knowledge of European and regulatory trends" to the board.

[broadwood] 22/8/2014 06:53

London Stock Exchange Group is to raise around £938m through a fully underwritten three-for-11 rights issue to part-fund its acquisition of Frank Russell Co. The rights issue will result in the issue of 74,347,813 new ordinary shares (representing approximately 27.3% of the existing issued share capital and 21.4% of the enlarged issued share capital immediately following completion. - See more at: http://www.stockmarketwire.com/article/4872929/LSE-rights-issue-to-raise-938m.html#sthash.N81p9Z9C.dpuf

[broadwood] 22/8/2014 06:42

London Stock Exchange Group's first quarter revenues rose by 20% overall and 12% on an organic and constant currency basis, with growth across nearly all business segments. Total revenues were £299.9m while asdjusted profit before tax was up 26% at £129.8m(Q1 FY 2014: £103.1m). Profit before tax rose to £83.6m (Q1 FY 2014: £59.7m) Adjusted basic EPS was up 18% at 31.9 pence (Q1 FY 2014: 27.0 pence); basic EPS of 19.2 pence (Q1 FY 2014: 13.1 pence). Chief executive Xavier Rolet said: "We continue to make good progress, delivering a strong financial performance this quarter with an increase in operating profit, reflecting organic growth and inorganic revenues across the Group. We have seen a resurgence in the IPO market with an increase in both the number of companies joining our markets and the amount of money raised. While the summer period is seasonally slower, our diversified business is very well positioned for further growth. "As previously stated, the proposed acquisition of Russell Investments will help to expand the global footprint of the Group, particularly in the key US market. This is a strong strategic acquisition for the group, which will accelerate development in one of our core strengths, intellectual property, and offers significant growth potential. "We continue to make good progress on obtaining the necessary approvals to complete the acquisition and to deliver the financial benefits of the transaction to the group."

[broadwood] 22/8/2014 06:10

Strong interims this morning - but rights issue to acquire Frank Russell. Probably expected - an opportunity to acquire more at an attractive price.

[jonojubb] 28/7/2014 15:07

What's a good entry point? I see this going up to £20 soon enough

[broadwood] 16/7/2014 12:18

http://www.lseg.com/resources/media-centre/press-releases/london-stock-exchange-group-agm-statement

[broadwood] 16/7/2014 08:45

Bought some at the off.

[tiptv1] 11/7/2014 12:57

TipTV's Zak Mir believes LSE will outperform. Watch here: http://www.tiptv.co.uk/archives/tip-tv-finance-show-replay-11-07-2014/