The London Stock Exchange today said it expects “strong results” for the year which ends this weekend.
The upbeat announcement saw analysts tweaking their profit forecasts higher and the share price rose 4p to 1022p.
This is despite the fact that on almost all its operating measures the LSE saw falls in its key areas during the last year.
Total capital raised was down from £37.4 billion to £34.6 billion in the first 11 months.
Trading values in UK shares fell by 2%, fixed-income trading was down 10% and the number of professional terminals in use dropped by 2000 to 91,000.
The rise in profits has come from chief executive Xavier Rolet’s to keep cutting costs, exploit existing business and technologies and diversify the LSE. Last year the group bought FTSE International and will shortly complete taking control of clearing house LCH Clearnet.
The exchange also signalled that it has now reversed the loss of market share in UK trading which it had suffered for several years.
Its share rose from 60.5% to 62.7% as some of its rival electronic platforms have fared less well.
