Sunday, July 13, 2008

LSE reports strong first quarter

The London Stock Exchange reported today that revenue grew 8% to $352.3 million in the first quarter.

Average daily-order-book-cash-equities trading grew 17% to 936,000 trades.

The total number of initial public offerings dropped to 73, from 140 a year earlier, but the amount raised jumped 82% to $61.4 billion.

“The exchange has delivered a good performance, achieving growth despite weak market conditions in a changing regulatory landscape,” Clara Furse, LSE chief executive, said in a statement.

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