The LSE said that adjusted operating profit rose by 20 per cent to £398 million Suzanne Plunkett/ReutersThe London Stock Exchange, which in March abandoned plans to merge with the Deutsche Börse, has continued to grow its post-trade services and information divisions, the focus of heavy investment under Xavier Rolet, the chief executive. Revenues from both units were sharply ahead in the six months to the end of June, in contrast with a subdued performance from capital markets, the original core of the group, which trades equities in London and Milan. Mr Rolet set out strong growth targets for the LSE in June in the wake of the abandonment of the Börse merger. This was opposed by the European Commission, which demanded the sale of a key Italian market trading bonds as a condition of allowing the deal through. The LSE chief…

Source: The Times August 03, 2017 10:52 UTC