London Stock Exchange profit up 55 per cent


London Stock Exchange profit up 55 per cent
The London Stock Exchange (LSE) has reported a 55 per cent rise in full-year operating profit to £185.6 million.

In the year ending March 31st the exchange said its revenue before exceptional items was up 20 per cent to £349.6 million.

Europe's largest share market said that cash generated from its operating activities increased 36 per cent in the last 12 months to £198.6 million.

LSE chairman Chris Gibson-Smith said the last financial year had been one of "excellent growth" and "exceptional achievement" for the exchange, with £512 million returned to shareholders.

And the bourse's chief executive Clara Furse added that "excellent progress" had been made at the LSE, which during the last two years has been the subject of four separate takeover bids.

"Trading remains strong with positive momentum carrying forward into the current financial year," she claimed.

"We are confident of delivering another year of strong growth, as we continue to evaluate opportunities for strategic development to realise in full our vision to be the world's capital market."

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