LSE claims to 'work hard' on Deutsche Boerse deal

Friday, 03. March 2017 08:37

London Stock Exchange Group plc (LSE) said in its annual report on Friday it “continues to work hard on its proposed merger with Deutsche Boerse.” It added it expects the European Commission to conclude its probe and reach a decision regarding the deal by April 3.

Earlier this week, LSE said it wasn’t hopeful on the European Commission approving the merger.

LSE reported its income rose 17% in 2016 to £1.65 billion and its total revenue jumped 14% from the previous year and stood at £1.52 billion. Adjusted operating profit climbed 17% in the twelve months ending December 2016 and amounted to £685.8 million compared to £584.7 million a year earlier. Adjusted earnings per share were 124.7 pence, marking a 21% increase from £103.4 pence in 2015.

Related Links: London Stock Exchange Group plc
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Breaking the News / NP