London Stock Exchange Group

London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.
  • TickerLSE
  • ISINGB00B0SWJX34
  • ExchangeLondon Stock Exchange
  • SectorFinancial Services
  • CountryUnited Kingdom

Analysts

Moody's continues to review for downgrade London Stock Exchange Group plc's long-term ratings

Announcement: Moody's continues to review for downgrade London Stock Exchange Group plc's long-term ratings. Global Credit Research- 12 Nov 2019. New York, November 12, 2019-- Moody's Investors Service today said it is continuing to review for downgrade the long-term ratings of London Stock Exchange Group plc and London Stock Exchange plc.

Expert Corporate Governance Service (ECGS)

London Stock Exchange - EGM 26 November 2019

London Stock Exchange Group (LSEG) called the general meeting to approve an acquisition of Refinitiv in an all-share transaction for a total enterprise value of US$27bn. After the transaction, Refinitiv shareholders will hold 37% of LSEG share capital but less than 30% of the total voting rights. The company proposes to create a new class of shares - limited-voting ordinary shares giving 1/10 of voting rights. Thus, the Refinitiv shareholders are not obliged to propose a takeover bid. Refinitiv shareholders form a consortium including certain investment funds affiliated with Blackstone, such ...

Moody's announces completion of a periodic review of ratings of London Stock Exchange Group plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of London Stock Exchange Group plc. Global Credit Research- 08 Oct 2019. New York, October 08, 2019-- Moody's Investors Service has completed a periodic review of the ratings of London Stock Exchange Group plc and other ratings that are associated with the same analytical unit.

Moody's continues to review for downgrade London Stock Exchange Group plc's long-term ratings

Announcement: Moody's continues to review for downgrade London Stock Exchange Group plc's long-term ratings. Global Credit Research- 12 Nov 2019. New York, November 12, 2019-- Moody's Investors Service today said it is continuing to review for downgrade the long-term ratings of London Stock Exchange Group plc and London Stock Exchange plc.

Moody's announces completion of a periodic review of ratings of London Stock Exchange Group plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of London Stock Exchange Group plc. Global Credit Research- 08 Oct 2019. New York, October 08, 2019-- Moody's Investors Service has completed a periodic review of the ratings of London Stock Exchange Group plc and other ratings that are associated with the same analytical unit.

London Stock Exchange Group plc : LSEG rejects Hong Kong Exchanges and Clearing Limited’s proposed combination in favor of existing Refinitiv agreement

LSEG rejected HKEX’s proposal to combine the two market infrastructure providers, preferring instead to continue with its strategy of combining with Refinitiv

London Stock Exchange Group plc: Updated following review for downgrade

A detailed rationale for LSEG’s A3 ratings, highlighting its strong profitability and favorable business diversification, and the risks associated with its planned acquisition of Refinitiv.

London Stock Exchange Group plc: Refinitiv acquisition’s credit risks outweigh the deal’s sound strategic rationale

Higher debt leverage and execution challenges will increase LSEG’s credit risk during the lengthy integration of Refinitiv, but there is a compelling strategic rationale for the acquisition

Eric Compton

Morningstar | Strong Growth for LCH Kicks Off 2019 for London Stock Exchange

Wide-moat-rated London Stock Exchange reported decent fiscal first-quarter results that generally fit in with our overall thesis on the firm. For interim reports, LSE only discloses revenue and cost of sales. Total income was up 5% (which includes net treasury and other income), while gross profit was up 6%. While some segments underperformed our full-year growth expectations, other segments outperformed, roughly balancing out revenue growth compared with our projections. Therefore, we do not plan any material revisions to our fair value estimate of GBX 4,650 per share. The worries over the e...

Eric Compton

Strong Growth for LCH Kicks Off 2019 for London Stock Exchange

Wide-moat-rated London Stock Exchange reported decent fiscal first-quarter results that generally fit in with our overall thesis on the firm. For interim reports, LSE only discloses revenue and cost of sales. Total income was up 5% (which includes net treasury and other income), while gross profit was up 6%. While some segments underperformed our full-year growth expectations, other segments outperformed, roughly balancing out revenue growth compared with our projections. Therefore, we do not pl...

Eric Compton

Morningstar | London Stock Exchange Appears Well Positioned, Even in the Shadow of Brexit

London Stock Exchange has transformed itself from a small, regional fixture and frequent acquisition target to a dominant global player in the exchange industry. We think London Stock Exchange has successfully pivoted toward moatier and faster-growing businesses in FTSE Russell and LCH. These two subsegments collectively account for over 50% of the firm's revenue. We expect each to drive double-digit top-line growth. We still see many opportunities for FTSE Russell to disproportionately benefit from the continue trend of growth in passive investing, particularly in the demand for smart beta, m...

Eric Compton

London Stock Exchange Appears Well Positioned, Even in the Shadow of Brexit

Wide-moat-rated London Stock Exchange reported fourth-quarter and full-year results that fit well with our long-term thesis on the firm. LSE is easily meeting all of its medium-term growth goals, margins are improving, and the worries over the effects of Brexit on LSE’s OTC clearing dominance appear to be waning. Overall, 2018 was an excellent year for the exchange. Gross profit was up 10% for the year while underlying operating expenses were up roughly 2%, leading to a 16% increase in yearly pr...

Eric Compton

Morningstar | London Stock Exchange Finishes Excellent 2018, Appears Well Positioned for Multiple Brexit Scenarios

Wide-moat-rated London Stock Exchange reported fourth-quarter and full-year results that fit well with our long-term thesis on the firm. LSE is easily meeting all of its medium-term growth goals, margins are improving, and the worries over the effects of Brexit on LSE’s OTC clearing dominance appear to be waning. Overall, 2018 was an excellent year for the exchange. Gross profit was up 10% for the year while underlying operating expenses were up roughly 2%, leading to a 16% increase in yearly profits and a 17.5% increase in adjusted EPS. EPS of GBP 1.71 came in almost exactly in line with our ...

1 director sold

A director at London Stock Exchange Group sold 14,706 shares at 6,832p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

LONDON STOCK EX.GP.PLC. reduced its risk exposure resulting in an upgrade to Slightly Positive

LONDON STOCK EX.GP.PLC. (GB), a company active in the Investment Services industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 26, 2019, the closing price was GBp 5,672.00 and its potential was estimated at GBp 6,116.90.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Intercontinental Exchange, Inc. - Strategy, SWOT and Corporate Finance Report

Summary Intercontinental Exchange, Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Intercontinental Exchange Inc (ICE) operates a network of regulated exchanges including the New York Stock Exchange and clearing houses for financial and commodity markets. It specializes in global futures exchanges, derivatives clearing-houses, over-the-counter (OTC) markets...

MarketLine Department

Deutsche Borse AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Deutsche Borse AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Deutsche Borse AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

MarketLine Department

Intercontinental Exchange, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Intercontinental Exchange, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Intercontinental Exchange, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its...

Expert Corporate Governance Service (ECGS)

London Stock Exchange - EGM 26 November 2019

London Stock Exchange Group (LSEG) called the general meeting to approve an acquisition of Refinitiv in an all-share transaction for a total enterprise value of US$27bn. After the transaction, Refinitiv shareholders will hold 37% of LSEG share capital but less than 30% of the total voting rights. The company proposes to create a new class of shares - limited-voting ordinary shares giving 1/10 of voting rights. Thus, the Refinitiv shareholders are not obliged to propose a takeover bid. Refinitiv shareholders form a consortium including certain investment funds affiliated with Blackstone, such ...

Expert Corporate Governance Service (ECGS)

London Stock Exchange - AGM 01 May 2019

Leadership Mr. David Schwimmer was appointed as CEO in August 2018. The current Chairman, Mr. Donald Brydon, will step down after the AGM. Mr. Don Robert who joined the Board as a Non-Executive Director in January 2019 will succeed Mr. Brydon as Chair.  Item 3: Approve the Remuneration Report The structure is unsatisfactory.  The bonus exceeds guidelines and the use of qualitative exceeds guidelines, which calls into question the alignment of pay with performance.  The LTI is overly reliant on EPS, which is not considered appropriate as it can potentially be influenced by executives.  Incen...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 19/12/2017

 Item 1: To remove as a director of the Company, Donald BrydonShareholders are asked to approve a shareholder proposal proposed by The Children’s Investment Master Fund (TCI), which owns 5% of the share capital, to remove the Chairman of the Company, Donald Brydon, from the Board.  The Company’s former CEO, Xavier Rolet, has left the Company.  Primarily due to concerns that his departure was not voluntary, TCI has proposed the removal of the Chairman from the Board. In addition, they are concerned with his track record, and the ‘corporate governance crisis’ in leadership over which he has pres...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

Item 3: Approve the Remuneration Report. Total variable remuneration exceeds 300% of base salary, the structure is considered unsatisfactory and the quantum is high.Items 4 - 15: Elect the Board of Directors. There is insufficient independent representation on the Board and on the Audit Committee. The level of independence on the Board is very low (27.3%) compared with the average of 58.5% for the FTSE 100.On February 28, 2017, LSE refused to divest its Italian bond trading platform, MTS, severely jeopardizing the chances of regulatory blessing for its controversial €29 billion merger with con...

Jérôme VINERIER

Short term view - LONDON STOCK EXCHANGE PLC : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 3,995.00 p. The bearish trend would be challenged above 4,808.80 p.

Jérôme VINERIER

Analyse court terme - LONDON STOCK EXCHANGE PLC : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 3 995,00 p. La tendance baissière serait remise en cause au-dessus de 4 808,80 p.

Jérôme VINERIER

Short term view - LONDON STOCK EXCHANGE PLC : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 3,995.00 p. The bearish trend would be challenged above 4,808.80 p.

Jérôme VINERIER

Analyse court terme - LONDON STOCK EXCHANGE PLC : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 3 995,00 p. La tendance baissière serait remise en cause au-dessus de 4 808,80 p.

Jérôme VINERIER

Analyse moyen terme - LONDON STOCK EXCHANGE PLC : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 3 536,72 p.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch