LSEG on track to meet growth targets due to strong analytics performance

7.2% growth

The London Stock Exchange Group (LSEG) said it is on track to meet the top end of its forecasts for the year, as data and analytics continue to make up the majority of income for the group.

In a Q3 trading update today (19 October), the group said total income had jumped 8% over the last three quarters, leaving it on track to hit its target of 6-8% growth for the year. The group's capital markets business saw growth of 6.2%, while its data and analytics business, much of which came from its acquisition of Refinitiv in 2021, grew by 7.2%. LSEG plans launch of blockchain-based digital assets business Charlie Huggins, manager of the 'Quality Shares Portfolio' at Wealth Club, argued the acquisition had "transformed" LSEG's data capabilities, leaving it as a "financial...