- Revenue growth outstrips increase in cost of sales
- Partnership with Microsoft progressing well
London Stock Exchange (LSEG) released a third-quarter update on the day that the prospective admission of Applied Nutrition was priced to the market. The pricing came on the heels of news that Canal+, the owner of StudioCanal, could list in mid-December as part of a spin-out by parent company Vivendi (FR:VIV). News of the potential listings would have pleased bosses at the exchange given the dearth of admissions in 2024, but there was plenty to crow about in the quarterly update beyond speculation over a nascent recovery in primary listings.
Indeed, the group beat market expectations, helped along by a 22.4 per cent organic constant currency rise in total income at the capital markets division, with fixed income and derivatives markets to the fore.