ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

LSEG London Stock Exchange Group Plc

9,230.00
112.00 (1.23%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
London Stock Exchange Group Plc LSE:LSEG London Ordinary Share GB00B0SWJX34 ORD SHS 6 79/86P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  112.00 1.23% 9,230.00 9,218.00 9,222.00 9,238.00 9,070.00 9,116.00 1,323,448 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Admin-gen Economic Programs 8.06B 761M 1.4061 65.56 49.89B

Deutsche Boerse Posts Higher Earnings on Deriviatives Trading

27/07/2016 6:53pm

Dow Jones News


London Stock Exchange (LSE:LSEG)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more London Stock Exchange Charts.
   By Ulrike Dauer 
 

FRANKFURT--Deutsche Boerse AG (DB1.XE) on Wednesday reported higher earnings and revenues due to enhanced derivatives trading around the Brexit referendum in the U.K.

While slightly higher costs capped the reduced profit gains, the German exchange operator said it was on track to meet full-year targets, one day after a majority of shareholders approved the merger plans with London Stock Exchange.

Quarterly net profit rose 9% to EUR183.5 million ($201.6 million) from EUR168.2 million in the second quarter of 2015, beating the EUR182 million forecast in a Dow Jones Newswires poll.

Earnings before interest or taxes, or EBIT, widely considered a better gauge of operating performance, climbed 8.2% to EUR279.0 million from EUR257.8 million.

Simultaneously, costs were up 11% to EUR316.3 million from EUR285.2 million. Revenue increased 9.8% to EUR600.7 million, below the forecast EUR605 million.

In the quarter, Deutsche Boerse posted a one-time gain of around EUR565 million after taxes from selling its U.S. operations International Securities Exchange to Nasdaq, Inc. for $1.1 billion in cash. It said however, that the disposal gain wasn't included in the reported earnings.

The deal was announced in March, one month after Deutsche Boerse announced plans to merge with LSE.

 

(END) Dow Jones Newswires

July 27, 2016 13:38 ET (17:38 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year London Stock Exchange Chart

1 Year London Stock Exchange Chart

1 Month London Stock Exchange Chart

1 Month London Stock Exchange Chart

Your Recent History

Delayed Upgrade Clock