London Stock Exchange Group plc LSE: LSEG operator giełdy londyńskiej, właściciel AIM, Refinitiv

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London Stock Exchange (LON:LSEG) stock rose 3.8%, helped by launching a 750 million pound ($910 million) share buyback while integrating its $27 billion acquisition of data company Refinitiv.

Investing.com - London Stock Exchange reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

London Stock Exchange announced earnings per share of £167.4 on revenue of £2.52B. Analysts polled by Investing.com anticipated EPS of £159.5 on revenue of £3,518M.

London Stock Exchange shares are up 21% from the beginning of the year, still down 1.36% from its 52 week high of £8,546.00 set on April 11. They are outperforming the STOXX 600 which is down 10.14% from the start of the year.

London Stock Exchange shares gained 3.51% in intra-day trade following the report.

London Stock Exchange follows other major Financial sector earnings this month
London Stock Exchange's report follows an earnings beat by HSBC on Monday, who reported EPS of £0.228 on revenue of £10.7B, compared to forecasts EPS of £0.1558 on revenue of £10.4B.

Lloyds Banking had beat expectations on July 27 with second quarter EPS of £0.0207 on revenue of £4.34B, compared to forecast for EPS of £0.0155 on revenue of £4.18B.
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LONDON (Reuters) -London Stock Exchange Group's (LSEG) cost and savings targets for integration of data company Refinitiv are on track, it said after half-year results and the launch of a larger than expected 750 million pound ($911 million) share buyback.

Investors are closely monitoring the integration of Refinitiv, which LSEG bought for $27 billion in 2021, after outages and concerns among some of them over the amount of money being spent to mesh two different cultures and systems.

"We are managing costs well and we continue to make progress on achievement of synergies," LSEG Chief Executive David Schwimmer said in the company's half-year results statement.

Shares in LSEG were up 2.5% by 0830 GMT.

LSEG's Refinitiv purchase has transformed the 300-year-old London exchange into a group for which financial market data and analytics are larger than all its other business lines combined, pitting it against the likes of data leader Bloomberg and S&P Global (NYSE:SPGI).

The integration has involved internal personnel changes, including LSEG's head of data, Andrea Remyn Stone, stepping down in June after only a year in the job, with her role temporarily taken over by Schwimmer.

"We are successfully executing on our strategy, have good momentum going into the second half and our targets remain unchanged," Schwimmer said.

There was a sharp drop in London Stock Exchange listings in the first half, owing to economic uncertainty caused by the war in Ukraine, but Schwimmer said there was a "healthy pipeline" of IPOs waiting for markets to settle down.

INCOME GROWTH

LSEG reported a gross profit of 3.231 billion pounds, slightly above an analysts' consensus of 3.229 billion pounds. Adjusted basic earnings per share were 167.4 pence, above the 149.6 pence expected by analysts.

"We generate a lot of cash," Schwimmer said.

LSEG reported strong income growth across all divisions, with pro-forma total income, excluding recoveries, up 6.2% on the same period last year.

"A small beat and we are reassured by the unchanged cost outlook commentary," Citi analysts said in a note.

Wealth Club said that modernisation of Refinitiv’s legacy technology will be a multi-year process.

"However, If LSE can pull off the integration, investors could be richly rewarded," said Charlie Huggins, head of equities at the research provider to high net worth investors.

LSEG will pay an interim dividend of 31.7 pence per share, up 27% on the same period last year.

The share buyback, which broker Jefferies said was larger than expected and part of a "reassuring update", will be launched immediately and be conducted over 12 months.

Britain last month set out further reforms to attract more global investors to its capital market after being largely locked out of the European Union since Brexit.

"I don't see any one change or any one shift as the silver bullet," Schwimmer said.

"All of the different initiatives are incrementally helpful in terms of continuing to make London and the UK the most attractive international financial centre in the world."

Thomson Reuters (NYSE:TRI), which owns Reuters News, has a minority shareholding in LSEG.

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Spadki na giełdzie w Londynie w tym roku spowodowały, że jest ona bliska utraty pozycji największego rynku akcji w Europie. Nowym liderem może zostać giełda w Paryżu, donosi Bloomberg.

https://www.pb.pl/gielda-w-londynie-bli ... ra-1165263

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ATechniczna
wybicie z tyg. formacji cup with handle

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London Stock Exchange (LON:LSEG) stock rose 4% after the group said tech giant Microsoft (NASDAQ:MSFT) will take a stake of 4% in the exchange operator as part of a new strategic partnership.

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Thomson Reuters Corp and London Stock Exchange Group expand partnership

(Reuters) - The London Stock Exchange Group (LON:LSEG) and Thomson Reuters (NYSE:TRI) Corp will expand a long-term partnership that will include investments in the newsroom and an agreement to launch consumer subscription products, the companies said on Tuesday.

The agreement resolves a dispute over plans by Reuters News in 2021 to launch a subscription paywall for the Reuters.com website. The two companies did not specify a date when the paywall will launch.

Reuters, a division of Thomson Reuters, had planned to start charging for news on Reuters.com in 2021 but postponed plans shortly after announcing the launch.

The LSE bought financial news and information business Refinitiv, formerly a division of Thomson Reuters. It pays Thomson Reuters for news it distributes on Refinitiv terminals. Thomson Reuters holds a minority stake in LSEG.

“At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level,” Steve Hasker, CEO of Thomson Reuters, said in a prepared statement.

The agreement will include an investment in 100 editorial roles in the Reuters newsroom focused on financial and markets coverage. It will include a "significant expansion" of Reuters India's financial file and China equities coverage.

PLX AI, a recently acquired financial news service powered by artificial intelligence that is integrated into Reuters News, will be expanded across additional markets.

"This collaboration will broaden our news offering, enhancing the speed and analysis of breaking news and increasing the value of services provided to LSEG customers,” David Schwimmer, CEO of LSEG, said in a prepared statement.

https://www.investing.com/news/stock-ma ... ip-2981912

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Londyn bije historyczny rekord. Mocne giełdy w Europie
Na giełdach zachodnioeuropejskich znów mamy hossę. Londyński FTSE 100 ustanowił rekord, a niemiecki DAX i francuski CAC 40 niewiele dzieli od szczytów. WIG20 ma dużo dłuższą drogę do przebycia, ale i tak zdołał się mocno odbić od października.

Publikacja: 08.02.2023 21:00

https://www.parkiet.com/gospodarka-swia ... -w-europie

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LSE Group was weaker as it posted a jump in full-year profit and said it was seeking shareholder approval for a £750m buyback.
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LSE hails strong year, plans £750m buyback
London Stock Exchange today revealed a 38.8% rise in annual profits to £1.24 billion and issued new guidance for income growth on a constant currency basis of 6-8% in 2023.

Adjusting for the negative impact of the Russia/Ukraine war, growth was 6.6% in the previous financial year.

Chief executive David Schwimmer said: “LSEG has had a strong year, successfully integrating Refinitiv and significantly improving its performance, while also delivering strong results in our capital markets and post trade businesses.”

He added that the resilience of the business model and quality of earnings was “becoming increasingly clear”.

LSE also announced plans for a £750 million shares buyback targeted at the holdings of the Blackstone/Thomson Reuters consortium.

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Oferty omijają Londyn
Arm Holdings, brytyjski gigant technologiczny, ogłosił, że zamiast wrócić na giełdę londyńską, wejdzie na parkiet nowojorski. Zrobi to wbrew premierowi.
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https://www.parkiet.com/gospodarka-swia ... aja-londyn

SoftBank snub shows London risks losing its listings lustre
03.03.23
LONDON (Reuters) - London risks losing its appeal for stock market listings, some investors and financial executives said, with sluggish trading and low valuations driving more companies to float elsewhere.

Arm, owned by Japan's SoftBank, on Thursday said a U.S.-only initial public offering (IPO) was the "best path forward" for both the chip technology firm and its stakeholders.

That dashed government hopes that Arm, seen as a British tech success story, would return to the London market, where it was listed before being taken over in 2016.

"There is zero surprise that Arm has chosen New York, and many other businesses, particularly where the majority of their operations are in the U.S., will follow," said Iain McDonald, founder of investment advisory firm Belerion Capital.

Arm's announcement came a day after Dublin-based construction materials company CRH (NYSE:CRH) recommended moving its primary listing from London to the United States.

"It's a move that seems to make sense for a company that does so much business Stateside, but it hints at further dissatisfaction with London's ability to cut it as a global financial superpower," said Danni Hewson, head of financial analysis at AJ Bell.

In another blow to London, Flutter Entertainment, the world's largest online betting firm, said last month it would consult shareholders on an additional U.S. listing.

McDonald said that if companies like Arm do not list in the U.S. they would "simply be acquired by better capitalised, higher-rated U.S. competitors", pointing to reduced market liquidity and support for growth companies in Britain.

Britain's troubles in attracting IPOs stem partly, investment bankers say, from London-listed companies being valued lower than those in the United States.

S&P 500 index companies trade at 17 times 12-month forward earnings, compared with around 11 for the FTSE All-Share index, a gap that has grown in the past decade.

London accounted for just 1.1% of the total amount raised by companies in listings in 2022 and ranked 13th in a table topped by China and the United States, Dealogic data shows.

So far in 2023 it is 21st, with China again in top spot.

But British companies that floated in New York have not necessarily had the smooth ride they expected, data compiled by the London Stock Exchange (LSE) suggests.

By the LSE's own count, the 22 British businesses that have floated in the U.S. over the last decade have seen their shares drop by 38.6% on average.

(Graphic: Cheaper by the pound - https://www.reuters.com/graphics/BRITAI ... /chart.png)

'AMBITIOUS REFORMS'

Britain remains a leading global financial centre, the headquarters of many major global institutions, the world's largest foreign exchange trading venue and home to one of Europe's largest stock exchanges by market value.

But Arm's decision should be a wake-up call for officials to make Britain a more attractive destination, LSE Chief Executive Julia Hoggett said.

"(It) demonstrates the need for the UK to make rapid progress in its regulatory and market reform agenda, including addressing the amount of risk capital available to drive growth," Hoggett said on Friday.

Britain has launched a series of reforms designed to streamline listing rules and make it easier for investors to allocate more cash to stocks, rather than bonds.

"The UK is taking forward ambitious reforms to the rules governing its capital markets, building on our continued success as Europe's leading hub for investment, and the second largest globally," a government spokesperson said in a statement.

Among the measures already in place is a reduction of the minimum free-float required for companies to list, and further reforms are in the works, including a review of the LSE's Premium and Standard listing segments.

"The U.S. is a big competitor, but it's important for companies to look at the data," said one person with knowledge of British efforts to win more listings.

https://www.investing.com/news/stock-ma ... re-3021965

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Mining stocks have weakened on China’s 5% GDP target, with Anglo American, Rio Tinto and Antofagasta all down by around 2%.

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A budget boost for our pension funds is needed
City Comment: Funds should be encouraged to buy more London shares

If you believe what you read, London is running out of local investors. There have plenty of money, they just don’t want to spend it on our equities.

Foreign investors are taking their cue from that, which is why you have large companies looking to float in New York and why the London stock market is undervalued.

It must be better to be undervalued than overvalued. When there is a correction, London might move up while the froth comes off the rest.

But still, there is plainly an issue.

Michael Tory of Ondra Partners tells the FT: “Global investors look to domestic investors for the signal to validate the investment and that local signal has simply flickered out.”

https://www.standard.co.uk/business/a-b ... 65285.html

Jeśli wierzyć temu, co się czyta, w Londynie zabraknie lokalnych inwestorów. Mają mnóstwo pieniędzy, tylko nie chcą ich wydawać na nasze akcje.

Zagraniczni inwestorzy biorą z tego przykład, dlatego duże firmy chcą wejść na giełdę w Nowym Jorku i dlatego londyńska giełda jest niedowartościowana.

Lepiej jest być niedowartościowanym niż przewartościowanym. Kiedy jest korekta, Londyn może poruszać się w górę, podczas gdy pianka pochodzi z reszty.

Ale nadal, jest wyraźnie problem.

Michael Tory z Ondra Partners mówi FT: "Globalni inwestorzy patrzą na krajowych inwestorów, aby uzyskać sygnał potwierdzający inwestycję, a ten lokalny sygnał po prostu zamigotał".

Przetłumaczono z www.DeepL.com/Translator (wersja darmowa)

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Blackstone-Thomson Reuters launch sale of $2 billion LSE Group stake

LONDON (Reuters) -An investor consortium including Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI), the parent company of Reuters News, is selling 1.7 billion pounds ($2.01 billion) worth of shares in the London Stock Exchange Group (LON:LSEG) to trim its joint stake.

Investment banks managing the sale of 23 million LSEG shares had orders for all the stock in the offering, according to bookrunner messages seen by Reuters after close of markets on Tuesday.

The transaction follows the publication of LSEG's 2022 earnings last week, which showed an increase in total income to 7.74 billion pounds from 6.54 billion pounds the year prior, beating analysts expectations.

Separately, the bourse operator plans to buy back up to 750 million pounds of stock from the Blackstone-Thomson Reuters consortium by April 2024.

U.S. technology giant Microsoft (NASDAQ:MSFT) previously agreed to purchase a 4% stake from the consortium as part of a wider strategic partnership with LSEG in December.

Blackstone and Thomson Reuters have been shareholders in LSEG since they sold financial data provider Refinitiv to the UK group in 2021, in a landmark deal valued at $27 billion.

Following the latest stake sale, the consortium will not be able to offload any further shares for a 90-day period, according to a bank term sheet.

Barclays (LON:BARC), Citi, Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are joint global coordinators on the transaction, with Blackstone's own capital markets unit acting as co-lead manager.

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Hopes for more diverse boards rise after London IPOs had only 15% of women directors in 2022
After women made up only 15% of the directors on newly listed London company’s boards last year, there are hopes that 2023 will be better for gender diversity as well as initial public offerings in the City.

Accoring to research from Investec, there are a dozen high-profile names preparing for a listing this year, after a notoriously poor run for flotations in 2022. Of the 97 seats on all their boards, the bank and wealth manager found that 25 are filled by women, making up 26%.

While still some way under the 50% mark, it is an improvement from the even lower levels in 2022. And one of the IPO candidates is run by one of the UK’s highest-profile entrepreneurs, Anne Boden, who founded Starling Bank.

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Britain's banks drag London's bourse seriously lower

On London's equity markets the standout losers were the banks, with Barclays falling by 9.09%, Standard Chartered by 7.69%, NatWest Group by 5.69%, Lloyds Banking Group by 4.6%, and HSBC Holdings by 4.96%.
Elsewhere, insurer Prudential also saw a significant fall, dropping 12.43%, despite reporting a better-than-expected rise in annual profit on the back of new insurance sales and noting that China's relaxation of Covid restrictions had also provided a boost.



TAGI krachfoto

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Investing.com -- Shares in London Stock Exchange Group PLC (LON:LSEG) jumped on Friday after analysts at UBS raised their rating of the exchange operator to buy from neutral.

The analysts at UBS also said they expect LSE to hike its medium-term growth outlook thanks to pricing strength at its trading and banking unit, as well as foreign exchange tailwinds.

They noted that the stock is currently "cheap," with holdings in the business at the lower end of its two-year average. The analysts added that the balance of risk to reward of the shares is "very favorable."

The UBS upgrade comes after LSE outlined plans to buy back more of its shares and increased its income growth guidance earlier this month, citing benefits from the integration of Refintiv. LSE acquired the data analytics firm from a consortium of Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI) in a $27 billion deal in 2021.