The London Stock Exchange (LSE) posted better than expected revenue growth for the last quarter of 2001, providing some vindication for its insistence that it has a focused strategy.

The company saw turnover climb 10% to £55.6m (€90m) despite the torrid economic climate. The rise is good news for the company in the same week that its management was forced to answer questions from a Treasury Select Committee over its failure to win a bidding war for Liffe, the derivatives exchange.