London Stock Exchange Group 1st Half Pretax Profit Rose, Sets Out GBP750 Million Buyback
05 August 2022 - 4:50PM
Dow Jones News
By Sabela Ojea
London Stock Exchange Group PLC reported on Friday a significant
rise in pretax profit for the first half of 2022 and said it is
launching a share buyback program with an aggregate value of up to
750 million pounds ($911.9 million).
The stock-exchange and financial-information company posted a
pretax profit of GBP803 million compared with GBP463 million for
the same period a year earlier.
Total income including recoveries increased to GBP3.74 billion
from GBP3.02 billion for the year-earlier period.
The board declared an interim dividend of 31.7 pence a share, up
from 25.0 pence a year earlier.
"We are managing costs well and we continue to make progress to
achieve our synergies. We are successfully executing on our
strategy, with good momentum going into the second half," it
said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 05, 2022 02:35 ET (06:35 GMT)
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