LSEG shares rise as London stock exchange owner forecasts 8% growth this year

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LSEG shares rise as London stock exchange owner forecasts 8% growth this year
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Louis Goss is a MarketWatch reporter based in London.

London Stock Exchange Group PLC on Thursday said it is on course to hit the upper end of its guidance after posting what company CEO David Schwimmer described as “strong, broad-based growth” in the third-quarter.

The exchange operator said it now expects 2023 growth will be at the “upper end” of its current guidance of 6% to 8%, and reiterated all current guidance, including around earnings. Refinitiv, which was formerly owned by Thomson Reuters, currently generates more than $6 billion worth of revenues a year, meaning it now accounts for most of LSEG’s revenues. LSEG is expected to generate £8.17 billion in sales this year, according to 14 analysts polled by Factset.

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