|
UK and International
Business Portal
|
|
|
|
|
||||||
|
||||||||
|
Platinax Internet >> Platinax Internet News
« Online film distribution discussed at Cannes | Main | High street sales shows continued weakness » May 19, 2005London Stock Exchanges records increased profit
The London Stock Exchange (LSE), recorded a profit of £89.1m for the year ending 31 March, a significant increase compared with £88.8m the previous year. Clara Furse, the LSE's chief executive, said that the performance reflected "improvement in each of our core business areas" - new issue activity, electronic trading volumes and the number of professional terminals taking exchange data, had all increased. Operating profit, before exceptional items, declined by 1% to £82m; including exceptional items, it was 10% lower at £73.2m. The LSE's listings businesses on the main and junior markets, both remained strong, although the division recorded a 9% fall in turnover, due to a reduction in the fees it can charge following a watchdog investigation. Since the failure of a takeover bid by Deutsche Boerse, the German Exchange, in March, the LSE has been in discussions with rival exchange Euronext about a potential takeover. The Competition Commission is reviewing the situation regarding potential bids for LSE, and the result is expected to be published in September. Posted by at May 19, 2005 11:01 PM > Discuss this in the Platinax Internet business forums |
Search
News Archives:
Monthly Archives
Recent Entries
For comprehensive internet |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
All content © Copyright 2004 Brian Turner. All rights reserved. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
