London Stock Exchange Group reported a 2.1% rise in revenue in 2021 Q3. Also, it’s said that LSE Group is on track to achieve more savings with Refinitiv integration. Refinitiv is a global provider of financial market data and infrastructure and currently is a subsidiary of LSEG.
Pro forma underlying income of LSEG is £1.78 billion ($2.46 billion), 2.1% higher than for the same period a year ago when it was £1.75 billion ($2.43 billion).
At the same time, LSEG shares fell 4.2%, the worst daily decline in more than half a year.
Recall that Refinitiv was bought by London Stock Exchange Grop in a $27 billion deal completed in January 2021.
Also, recall that LSEG stock has fallen about 17% since early March 2021. At that time, the fall was due to news surrounding the integration of Refinitiv, which could entail additional costs.
