20 LSE's data unit drives quarterly revenue growth - IBTimes UK

LSE's data unit drives quarterly revenue growth

By Luke Jeffs

January 24, 2013 7:28 AM GMT

The London Stock Exchange beat analyst forecasts with a slight rise in quarterly income to 208.9 million pounds ($330 million), a performance its chief executive Xavier Rolet said was "another good quarter".

The LSE said on Thursday income for the three months to the end of December was up 6 percent on the same period in 2011 and slightly above consensus analyst predictions of 200 million pounds.

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The British exchange's 44 percent increase in data services income to 76 million pounds wiped out a 4 percent fall in capital markets revenue to 66.3 million pounds and a 17 percent slide in net treasury income to 27.8 million pounds.

"This has been another good quarter. The Group has continued to benefit from a more diversified range of businesses with particularly strong performances from our Information Services and our Technology operations", said Rolet in an Interim Management Statement on Thursday.

($1 = 0.6313 British pounds)

Copyright 2012 Thomson Reuters UK. All rights reserved.

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