- London Stock Exchange Group's total income rose 17% to £1,657.1m in the year to the end of December while total revenue was up 14% at £1,515.6m. The group said adjusted operating expenses continued to be well controlled, at £791.6m - up 4% on an organic and constant currency basis as the group invested in growth and efficiency projects. FTSE Russell delivered strong growth and integration synergies of $78m p.a. were ahead of schedule; on track to reach €40m of annual cost savings at LCH by end of 2017. Other highlights: - Adjusted operating profit was up 17% at £685.8m (2015: £584.7m); operating profit of £426.8m (2015: £404.4m); adjusted profit before tax up 21% at £623.1m (2015: £516.4m) - Adjusted EPS up 21% at 124.7p (2015: 103.4p); basic EPS of 63.8p (2015: 74.8p) - Proposed final dividend increased to 31.2p per share - a 20% increase in the full year dividend to 43.2p per share - reflecting the strong outlook for the group Group chief executive Xavier Rolet said: "The group continues to execute against its strategic objectives, driving both short and longer term growth through organic investment and selective inorganic opportunities. "This has resulted in another year of strong financial performance, with continued revenue growth, control of underlying expenses and a 21% increase in adjusted earnings per share. "Each of our business areas delivered year-on-year growth, highlighting the strength in the diversity of our business, launching new products such as LCH Spider, new services in partnership with customers such as CurveGlobal and Turquoise Plato, and expanding our global footprint with acquisitions such as Mergent Inc. "FTSE Russell produced another good top line performance and the integration savings are now mostly achieved, ahead of schedule. "The LCH OTC clearing services performed well, particularly SwapClear and its compression services. "We remain well positioned across all our businesses, underpinned by our Open Access approach and strong customer partnerships." Story provided by StockMarketWire.com
London Stock Exchange Group has said that profit before tax rose to £623.1m in annual, from £516.4m a year ago.. The group claimed investment in growth and efficiency projects reached £792m, contributing a 4% rise in operating expenses on an organic and constant currency basis. Additionally, FTSE Russell delivered strong growth and continued to drive cost savings from its combined indexes to meet its €40m ($42m) 2016 target by the end of 2017.