London Stock Exchange Group 1Q Underlying Income Rose

By Michael Susin

London Stock Exchange Group PLC said Wednesday that total income for the first quarter rose on an underlying basis.

The stock-exchange and financial-information company said pro forma total income--excluding recoveries--for the first three months of the year was 1.62 billion pounds ($2.04 billion), up 8% compared with last year. On a constant-currency basis and adjusting for deferred revenue, total income rose 6.3%.

The company said performance was positive across all divisions, driven by new business growth and strong customer retention.

LSEG said the Ukraine and Russia conflict is expected to have a revenue impact of around GBP60 million in 2022, mainly due to the suspension of services on trading and banking in Russia.

However, the company said 2022 financial and operational progress has been robust and that it is on track to meet all its targets.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

April 27, 2022 02:45 ET (06:45 GMT)

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