London Stock Exchange (LON:LSE) - Some encouraging green shoots
Jan 28th 2013 - Edison Investment Research today published a report on London Stock Exchange (LSE.L, LSE:LSE, LON:LSE) entitled "Some Encouraging Green Shoots". In summary, the report says:
LSE’s IMS detailed revenue performance in Q3. Overall income was 4% ahead of consensus with a reasonable beat in treasury income and capital markets. The former is likely to be looked through, but the latter is more encouraging with admission fees at their highest level since Q112. The outlook comment is positive. Despite the strong share price performance in the past month, partially driven by the re-negotiation of the LCHClearnet deal approaching final approvals, we expect this announcement to be well received.
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 »
