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Milan Stock Exchange

LSE Optimistic As Total Income Rises 5%

The London Stock Exchange Group PLC (LSE.LN) Wednesday said it is optimistic about the rest of the year and is looking for new growth opportunities, after posting a better than expected 5% increase in full-year total income, helped by a strong performance by its key information-services business.The exchange operator, which also runs Italy's Borsa Italiana, said total income for the year ended March 31 was 852.9 million pounds ($1.3 billion), up from GBP814.8 million a year earlier.The result was higher than the GBP837.2 million average expected by 14 analysts. Total income consists of revenue from the LSE's various businesses as well as treasury income from its Italian clearing business.Operating profit fell 3% to GBP348.4 million due in part to an increase in operating expenses."In the year ahead, we will remain firmly focused on achieving the expected benefits from recent transactions and investment in new products, as well as continuing to seek new growth opportunities," the LSE sa...

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