LSE sure of Proquote's worth

Expansion is on the table

Monday 16 February 2004 at 16:00

The London Stock Exchange (LSE) wants to broaden the range of assets and markets covered by Proquote, the information business it bought last year with a controversial £22m (€32m) price tag.

The success – or otherwise – of extending Proquote's coverage, which provides brokers with news and information on UK stocks, will be closely watched by LSE shareholders, some of whom censured the exchange for overpaying for a lossmaking business.