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Russell boost for LSE

The London Stock Exchange is set to benefit from the Frank Russell acquisition, while trading activity last year delivered an organic boost.
March 9, 2015

The London Stock Exchange (LSE) has changed its year-end from March to December, but it has helpfully provided comparative figures for the 2014 and 2013 calendar years. These showed that adjusted operating profits last year rose 16 per cent to £558m, while adjusted EPS grew by 7 per cent to 103p.

IC TIP: Hold at 2407p

Organic growth of 8 per cent was supplemented by various acquisitions, most notably the £1.6bn purchase of US index specialist Frank Russell in December. In that month alone Russell contributed revenue of £10m.

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