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London Stock Exchange annual profit rises on strength in data, post-trade business

By BFN News | 07:26 AM | Friday 05 March, 2021


UK bourse London Stock Exchange reported a rise in annual profit on higher revenue in its information services and post-trade clearing business. For the year ended 31 December, pre-tax profit increased to £685 million from £651 million as revenue was up 3% to £2,124 million and total income was up 6% to £2,444 million. Information Services revenue was up 3% to £882 million, while post trade was up 7% to £751 million. The company proposed a final dividend of 51.7 pence per share, resulting in a 7% increase in the full year dividend to 75.0 pence per share. Completion of the acquisition of Refinitiv was expected in early 2021, the company said. Story provided by StockMarketWire.com

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