The London Stock Exchange Group’s cost and savings targets for the integration of Refinitiv are on track, it said after half-year results. LSEG bought the data company for $27 billion in 2021 and has launched a larger than expected share buyback. “We are managing costs well and we continue to make progress on the achievement of synergies,” Chief Executive David Schwimmer said.
The London Stock Exchange Group (LSEG) has reported a gross profit of 3.231 billion pounds, slightly above analysts’ consensus.
The group’s chief executive, David Schwimmer, said there is a “healthy pipeline” of IPOs waiting for markets to settle down. LSEG will pay an interim dividend of 31.7 pence per share, up 27% from the same period last year.
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