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LSE revenues rise despite slowdown in trading

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London Stock Exchange today reported a 7 per cent rise in first-half revenues despite a widespread decline in equity trading across Europe.

Adjusted operating profits for the six months to 30 September edged up 1.4 per cent to £217.2 million on revenues of £349.8m, up from £328.1m for the same period last year.

Shareholders will receive an interim dividend of 9.7p per share, an increase of 4 per cent over last year’s payout.

The group said: “In secondary markets, average daily value traded in the UK cash equities market declined 18 per cent to £4.1 billion, while in Italy, the average daily number of trades reduced 15 per cent to 227,000, indicative of widespread declines in equities trading across Europe.”


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