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 17% 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.
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.