Home Business NewsBusiness London Stock Exchange’s revenues rise

London Stock Exchange’s revenues rise

by LLB Editor
18th Oct 19 8:34 am

The London Stock Exchange has reported a 12% rise in sales to £587m for the third quarter to 30 September.

It comes weeks after the London bourse rejected a takeover proposal from its Hong Kong rival.

LSE chief executive David Schwimmer made no reference to the hostile proposal but commented on its own £22bn acquisition of data giant Refinitiv, which he described as a “transformational transaction that accelerates our group’s strategy”.

Meanwhile, the LSE said its chief financial officer David Warren will retire by the end of 2020.

Mr Warren briefly stepped in as interim chief executive when Xavier Rolet stepped down in late 2017, which sparked a very public backlash from major LSE shareholder Children’s Investment Fund Management.

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