Shares in the London Stock Exchange this morning rebounded after yesterday hitting a two-year low, as a strong performance in information and post-trade services helped the company shrug off a plunge in the number of new listings and beat analyst first-quarter revenue estimates.
The LSE, which has been under pressure this year from greater competition in the exchange sector that has driven its share price down two-thirds since the start of the year, said in its interim management statement today that revenues for the three months to June rose 8% to £177.8m (â¬223.6m) from £164.3m in the same period last year.
