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Revenue of London Stock Exchange Group increases by 86 pct in Q1

Xinhua, April 29, 2015 Adjust font size:

London Stock Exchange Group (LSEG) Wednesday announced that its revenue for the first quarter of 2015 was up 86 percent to 581 million pounds (or 895 million U.S. dollars) from the same period of last year.

The group's total income was up 79 percent to 602.5 million pounds in Q1, excluding Russell Investment Management, income rose by 6 percent, data showed.

Revenue of LSEG's Information Services was up 42 percent with inclusion of Russell Indexes. Revenues from Information Services, Capital Markets, Post Trade Services in Italy and Technology Services increased by 42 percent, two percent, four percent and five percent respectively, figures showed.

LSEG's clearing services arm LCH.Clearnet revenue was flat in Q1 2015 compared to a year earlier, data showed.

LSEG is "making excellent progress" integrating Russell Indexes, and the sale of Russell Investment Management is on track, said the group.

Xavier Rolet, Chief Executive of LSEG, said: "We remain focused on realizing integration and efficiency benefits, as well as developing the many opportunities across the Group arising from our extended geographic reach and product range."

LSEG announced the proposed acquisition of Frank Russell Company, a US-based global indexing and investment management company, in June 2014, and completed the acquiring in earlier December. (1 pound = 1.54 U.S. dollars) Endit