Summary

Organic and
Six months ended constant
30 June currency
2016 2015 Variance variance1
Continuing operations   £m £m % %
Revenue      
Capital Markets        181.6       170.0 7% 4%
Post Trade Services - CC&G and Monte Titoli         48.1         46.8 3% (3%)
Post Trade Services - LCH       167.1       149.1 12% 8%
Information Services 1       285.9       256.4 12% 7%
Technology Services 1         38.1         38.3 (1%) (3%)
Other revenue             1.1           2.4 (54%) (54%)
Total revenue       721.9       663.0 9% 5%
   
Net treasury income through CCP business         56.0         40.4 39% 31%
Other income             7.9           2.5 216% 216%
Total income       785.8       705.9 11% 7%
Cost of sales   (77.0) (58.1) 33% 25%
Gross profit       708.8       647.8 9% 6%
Operating expenses (372.5) (342.1) 9% 5%
Share of loss after tax of associate   (3.0) - -   -  
Adjusted operating profit 2       333.3       305.7 9% 5%
Amortisation of purchased intangible assets and non-recurring items (134.3) (95.2) 41% 38%
Operating profit         199.0       210.5 (5%) (9%)
     
Earnings per share
Basic earnings per share (p)         27.4         33.4 (18%)
Adjusted basic earnings per share (p) 2         57.7         49.9 16%
 
Dividend per share (p)          12.0         10.8 11%

1 Organic growth is calculated in respect of businesses owned for at least 6 months in either period and so excludes Exactpro, XTF, Proquote and Russell Investment Management. The Group’s principal foreign exchange exposure arises from translating our European based Euro and US based USD reporting businesses into Sterling. 

2 before amortisation and impairment of purchased intangible assets and goodwill and non-recurring items