LSE profits rise 65% as Canadian merger moves closer

FTSE100 screen
Image caption The LSE has formally filed paperwork for a merger with Canada's TMX

The London Stock Exchange, which is buying Canada's TMX Group, has exceeded analysts' forecasts with a 65% rise in pre-tax profits to £238.2m.

The LSE, which also owns an exchange in Italy, put the growth down to its diversification strategy through acquisitions.

Revenues rose 7% to £675m, above analysts' expectations of £651m.

The news boosted LSE shares, which rose 3.5%, one of the highest climbers on the FTSE 100 index.

"[There are] a range of growth opportunities which will remain pivotal to further progress in the year ahead," said chief executive Xavier Rolet.

The LSE agreed a merger with TMX on 9 February and also announced on Friday that it has filed its application with the relevant Canadian authorities.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites