LSE Group

The London Stock Exchange

Stock exchange sees profits soar

The London Stock Exchange Group (LSE) saw operating profit leap 47% last year as it recorded growth across all of its core businesses.

The London Stock Exchange Group posted a pre-tax profit of £564m for 2017, a whopping 47% increase on the £364m recorded for the previous year.

LSE also saw revenue jump 17% to £1.77bn and said it was making good progress on the recruitment of a new CEO with ‘a strong field of high quality candidates’.

David Warren, CFO and interim group chief executive, said: "We have delivered another year of strong performance with growth across all of our core businesses, including double-digit revenue increases at FTSE Russell and LCH OTC. 

“The group has also continued to invest in new initiatives and acquisitions to drive further expansion of our global client offering.”

He added: ”The group is strategically, operationally and financially well positioned to capitalise on a range of opportunities ahead and to enhance shareholder returns. 

“We also remain focused on delivering the financial targets we have set for the next two years.”