London Stock Exchange announces £1bn buyback

There were no nasty surprises in the full-year results from London Stock Exchange (LSEG). The mega-acquisition of Refinitiv is still on track and the group is actually “well ahead” of its original revenue and cost synergy targets. Data and analytics now account for over two-thirds of revenue and the division is growing nicely. Organic growth accelerated to 6.7 per cent in 2023 from 4.9 per cent in 2022, giving management “confidence in the year ahead”.