LSEG sees annual growth towards top end of guidance

(Sharecast News) - London Stock Exchange Group said on Thursday that full-year growth was set to be towards the upper end of guidance, as it posted a jump in third-quarter total income. Total income rose 8% in Q3 and LSEG said it's now on track to deliver full-year growth towards the upped end of 6% to 8% guidance.

Strength was broad based, it said, with Data & Analytics seeing a 7.2% increase, while Capital Markets and Post Trade saw rises of 6.2% and 17%, respectively.

Chief executive David Schwimmer said: "LSEG delivered another quarter of strong, broad-based growth. By building compelling solutions that meet customers' evolving business needs we have established a consistent track-record of growth in our Data & Analytics business.

"Our Capital Markets revenues accelerated in the third quarter, with ongoing innovation increasing Tradeweb's share of global credit trading. Our Post Trade businesses also continue to grow strongly as customers look to our risk management services in an uncertain macro environment."