BREAKING NEWS

BREAKING NEWS

London Stock Exchange reports higher first-quarter income

London Stock Exchange reports higher first-quarter income
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo -
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Toby Melville(Reuters)
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(Reuters) - London Stock Exchange Group Plc, reported higher quarterly income on Wednesday, as its clearing and information services businesses grew strongly against what it called a challenging market backdrop.

Total income from continuing operations rose 5 percent to 546 million pounds in the quarter ended March 31, while total revenue was up 3 percent at 486 million pounds.

Analysts had expected total income of 549 million pounds, with total revenue of 491 million pounds according to company supplied estimates from 14 analysts.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Susan Fenton)

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