London Stock Exchange (LON:LSE) - Trading as expected
Sep 27th 2012 - Edison Investment Research today published a report on London Stock Exchange (LSE.L, LSE:LSE, LON:LSE) entitled "Trading As Expected". In summary, the report says:
LSE’s ongoing disclosure is such that there were few surprises in the pre-close update. Diversification has helped offset challenging core markets. On the upside, the 23% growth in initial margins will help treasury income and there have been small equity market share gains. Information services performed ‘well’. However, the traditional core market was challenging, with investor uncertainty leading to weak trading volumes and new issues. We anticipate a modest trimming of underlying consensus estimates, but this was expected and should not be price sensitive.
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 »
