Latest Results

Interim Management Statement for the period to 18 October 2017, including revenues and KPIs for the three months ended 30 September 2017 (Q3)

19 October 2017

  • Another period of delivery against our targets with continued good growth - Q3 total income up 17% to £486 million; and up 19% for 9 months year-to-date, to £1,432 million

  • Q3 revenues up 18% to £443 million; up 18% for 9 months year-to-date at £1,295 million

  • Strong demonstration of capital deployment to drive growth and returns, including: completion of the Citi Fixed Income Indices and The Yield Book acquisition; increasing our stake in LCH; and, completion of the £200 million share buyback programme

Q3 2017 Summary 

  • Information Services: revenues up 22% (up 15% on organic and constant currency basis) – with good underlying growth and one month’s inclusion of The Yield Book and Citi Fixed Income Indices

  • Post Trade: LCH income up 26% (up 22% at constant currency), with 23% revenue growth in OTC from higher volume of SwapClear client trades; ForexClear continues to see strong volume growth.  CC&G and Monte Titoli income up 2% (down 4% at constant currency)
  • Capital Markets: revenues up 8% (up 5% on organic and constant currency basis), with record quarterly primary markets revenues in a period of strong equity issuance; Turquoise continues to trade well, with strong growth in the Turquoise Plato Block Discovery service (including a record month in September) 
  • Technology Services: revenues up 9% (up 7% at constant currency) 

Organic growth is calculated in respect of businesses owned for at least 3 months in either period and so excludes The Yield Book and Citi Fixed Income Indices, ISPS, Mergent and SwapMatch. The Group’s principal foreign exchange exposure arises from translating our European based Euro and US based USD reporting businesses into Sterling.