The London Stock Exchange is being strongly backed by analysts in spite of the arid landscape facing stock markets, in a sign that the diversification of its franchise under chief executive Xavier Rolet is achieving its goals.

A presentation by David Warren, LSE's new chief financial officer, at Barclays' annual Financial Services Conference in New York, was warmly received by Citi and Barclays analysts, who retained their respective "overweight" and "buy" recommendations on the UK bourse.