The London Stock Exchange group (LSE) today announced a sharp increase in profits in the first quarter of the year and a sharp increase in IPOs on the market. Net income rose by 47% to 52 million pounds (65 million euros) in the three months ended June 30, against 35,4 million a year earlier. Operating income increased by 36% to £102 million, driven by the Group's core businesses and thanks to the acquisition of Lch.Clearnet. “We have seen a renaissance in the IPO market with an increase in the number of companies that have joined our market and a consequent growth in raised funds,” said Xavier Rolet, CEO of LSE. The number of IPOs reached 78 in the first quarter, up from 33 a year earlier. The positive trend also continued in the months of July and August.
London Stock Exchange, profits boom
The net profit of the LSE rose by 47% to 52 million pounds (65 million euros) in the three months ended June 30, against 35,4 million a year earlier.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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