LSE profits soar 30%

London Stock Exchange Group posted a better-than-expected 30 per cent rise in full-year operating profits to £441.9 million yesterday.

By SCOTT REID

Published 19th May 2012, 01:00 BST

The group said it expects to make good progress despite the uncertainty over the economy, while its shareholder-approved transaction with LCH.Clearnet would continue to transform the organisation.

Revenues in the year to the end of March, meanwhile, rose by 10 per cent to £680m. The performance was linked to the LSE’s inclusion of the FTSE International business, acquired late last year, and revenue growth in its Italian clearing house, which was up 147 per cent from deposits to Italian banks.

Chairman Chris Gibson-Smith said: “We are well-placed and remain focused in our pursuit of long-term shareholder value.”