Nov 21st 2012 - Edison Investment Research today published a report on London Stock Exchange (LSE.L, LSE:LSE, LON:LSE) entitled "Few Surprises". In summary, the report says:
LSE’s interim results have been well flagged by earlier market statistics and the September pre-close announcement. We believe the critical issue for investors is that diversification has worked. Despite appalling equity market conditions, group organic constant currency income was down just 1%. The group is now so much more than just an equity exchange. We also highlight the good cost performance.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »