Comments
London Stock Exchange Group said on Wednesday it sees an encouraging pipeline of companies seeking to raise capital on its markets.
In a trading update, the bourse said that revenues from trading of stocks and bonds were higher year-on-year in August and that its FTSE index business and LCH.Clearnet, the clearing house in which it has a majority stake, performed well last month.
The statement covers a shorter period than usual because the exchange group gave a financial update last month when it unveiled the details of a $1.6-billion rights issue that is helping to fund a takeover of US index compiler Frank Russell.
LSE shareholders are meeting later on Wednesday in connection with the deal, worth $2.7 billion in total, that will help the bourse build a much larger footprint in the US.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.