London Stock Exchange Group has said that profit before tax rose to £€40mm in 2016, 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 623.1 ($42m) annual target by the end of 2017.
London Stock Exchange Group has said that profit before tax rose to £623.1m in 2016, 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) annual target by the end of 2017.