LSE’s sales rose to 2.3 billion pounds ($3.2 billion), a jump of 78 percent including the acquisitions it made past year, the company said in a statement on Friday. The company raised its dividend for 2015 by 20% to 36p a share. New issues for the London Main Mmarket increased whilst there was a decline in AIM listings.
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Trading value on Turquoise, LSE’s pan-European trading platform, surpassed €1trn for the first time.
Revenue from majority-owned clearing house LCH.Clearnet was down to GBP302.1 million from GBP329.4 million, as a fall in non-over-the-counter revenue more than offset higher over-the-counter revenue.
Italian CSD Monte Titoli completed the migration to Europe’s T2S platform.
“FTSE Russell, our global indexes business has shown strong growth and our integration savings remain firmly on track”.
LCH.Clearnet’s ForexClear announced plans to build a FX options clearing offering and its RepoClear service saw growth in €GCPlus, a new general collateral clearing service.
It would combine the LSE’s share-trading operation with the derivatives trading of Deutsche Boerse’s Eurex in a group worth nearly $30-billion.
While Deutsche Boerse is interested in combining with LSE to create a full-service trading powerhouse, analysts said ICE’s interest likely relates to two of LSE’s businesses: clearing and market data.
“The deal would represent a compelling opportunity to strengthen each other in an industry-defining combination”, said Xavier Rolet, the exchange’s chief executive.
The company, which owns Borsa Italiana and the London Stock Exchange, said discussions with Deutsche Boerse were ongoing over a potential merger which would create substantial revenue and cost benefits.
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Group has re-affirmed its commitment to new rates exchange Curve Global, insisting it will happen irrespective of a deal with Deutsche Boerse.
