LSE data unit helps exchange offset weaker markets

Friday, 25 January 2013 02:04 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): The London Stock Exchange’s data business helped the group wipe out losses in capital markets and treasury income to beat forecasts with a 6 percent rise in quarterly income. The LSE said on Thursday income for the three months to December rose to 209 million pounds ($ 330 million), compared with a forecast for 201 million.

The British exchange’s 44 per cent increase in data services income to 76 million pounds wiped out a 4 per cent fall in capital markets revenue to 66 million and a 17 per cent slide in net treasury income to 28 million.

“The group has continued to benefit from a more diversified range of businesses with particularly strong performances from our Information Services and our Technology operations”, chief executive Xavier Rolet said. The LSE Group’s technology business income rose 5 per cent for the quarter to 14 million pounds.

The LSE is seen by analysts as a possible bidder for the European share trading arm of NYSE Euronext which last month agreed to sell itself to energy group the IntercontinentalExchange and spin-off Euronext, the European stock market business. $ 1 = 0.6313 pound)