LSEG shares experienced a significant surge of up to 9% following a series of strategic announcements.
The company revealed plans to sell a 20% stake in its post-trade services business to a consortium of 11 banks for 170 million pounds, valuing the unit at 850 million pounds. Concurrently, LSEG announced a substantial 1 billion pound ($1.34 billion) share buyback program.
These moves come alongside better-than-expected third-quarter results, with total income growing by 6.4% and annual subscription value (ASV) showing acceleration. LSEG's CEO expressed confidence in the company's data offerings, particularly in private markets, downplaying threats from AI.
The company also raised its 2025 margin forecasts, indicating a positive outlook.
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