London Stock Exchange Group PLC

LSEG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 7,692.00	Ypwj	Skhldlqcy

London Stock Exchange Reports Good Third-Quarter Results; Progress in Trading and Banking Continues

Niklas Kammer

Oct 21, 2022

Wide-moat London Stock Exchange Group reported a good third-quarter trading statement. Headline numbers were strong with total income growing 14.8% to GBP 1,985 million versus the same period a year ago. Excluding the foreign exchange impact of the depreciating British Pound, which is a benefit to LSEG, the exchange group still posted a solid 5.9% growth at constant currencies. Guidance remained unchanged, and we maintain our GBX 9,800 fair value estimate.

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