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London Stock Exchange backs Deutsche Börse merger as profits rise

Discussion in 'Market News' started by Lily, Mar 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Chief executive Xavier Rolet describes planned tie-up as ‘compelling opportunity to strengthen each other’

    The London Stock Exchange said a merger with its Frankfurt rival Deutsche Börse would be “compelling”, as it reported a 31% rise in profits for 2015.

    The LSE’s annual results showed profit before tax, stripping out one-off items, rose to £643.4m, from £491.7m in 2014. Including exceptional items, profits climbed to £336.1m from £182.1m. Revenues surged 78% to £2.3bn. The company raised its dividend for 2015 by 20% to 36p a share.

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