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.
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