London Stock Exchange Group eyes £1bn buybacks in 2024

‘Encouraging IPO pipeline’

Cristian Angeloni
clock • 1 min read

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 ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week