London Stock Exchange Group is looking to execute up to £1bn in buybacks this year, after it returned £1.2bn to investors in 2023.
In its preliminary results for the year ended 31 December 2023 published today (29 February), the group said the 2024 buybacks will likely happen via a direct acquisition from the Blackstone/Thomson Reuters consortium. Total income for the financial year increased to £8bn from £7.4bn last year, yet operating profit and profit before tax took a slight dip over the 12-month period. In a statement, LSEG CEO David Schwimmer said there is an "encouraging IPO pipeline for the London Stock Exchange", after last year's biggest listing, CAB Payments, thoroughly disappointed months after going ...
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