London Stock Exchange Group plc (LNSTY)
- Reuters
UPDATE 1-LSEG to buy back $624 mln of shares from Refinitiv-linked investors
London Stock Exchange Group said on Wednesday it has agreed to purchase shares worth 500 million pounds ($624 million) from a consortium of investors that sold data and analytics firm Refinitiv to the bourse operator. The purchase is in line with LSEG's plans to buy back shares as it completes the integration of Refinitiv, which it bought in 2021 from investors including Blackstone, Thomson Reuters , Canada's CPPIB and Singapore's GIC. LSEG said on Wednesday it bought the shares off the market for about 87.7 pounds per share, and that the deal completes buybacks worth 1 billion pounds it had indicated it would execute during the year.
- Fortune
In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
- Reuters
UPDATE 2-LSEG reports in-line first quarter as Microsoft partnership progresses
The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans for the roll out of products from its partnership with Microsoft, though the bourse's shares hit a five-month low in early trading. LSEG said total income, excluding recoveries, in the first quarter was 2.089 billion pounds ($2.61 billion), with gross profit of 1.893 billion pounds, in line with analysts' consensus forecasts compiled by LSEG. LSEG was "confident of continued growth and improving profitability", adding that it was on track to meet all financial guidance provided during its November 2023 Capital Markets Day.
