LSE sees sales lifted in the third quarter

first_imgThursday 27 January 2011 8:52 pm Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Show Comments ▼ KCS-content center_img THE London Stock Exchange reinforced its position as Europe’s leading bourse yesterday with a solid third-quarter trading update yesterday.The exchange beat analysts’ expectations with revenue of £165.9m in the three months to December, a six per cent rise over that period in 2009. The increase was largely due to income from its central counterparty clearing business, which grew by a third to £38.7m compared with the same period a year earlier on the back of a 330 per cent jump in treasury management income. But in a sign of growing competitive pressure from alternative exchange platforms such as Chi-X and BATS Europe, capital markets revenues fell four per cent to £69.4m. Primary market income continued to grow, with new share issues up 75 per cent and revenue up five per cent to £19m, but the value of cash equities traded dropped 15 per cent in the quarter, and derivatives income fell by almost 20 per cent. Strong growth in the money markets saw its fixed income trading division post a nine per cent gain and generate £8.3m – but overall secondary market revenue fell nine per cent.Numis analyst James Hamilton said the LSE “has performed well over the last year with the improvement in equity markets,” but cautioned that “the competitive environment and inevitable long-run price compression” would hurt long-term growth.Shares closed up 5.5p at 873p. LSE sees sales lifted in the third quarter whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img