LSE says prospects excellent

The London Stock Exchange (LSE) said today it continued to perform well and was confident of a strong result for the current …

The London Stock Exchange (LSE) said today it continued to perform well and was confident of a strong result for the current financial year.

"Our prospects for the year ahead are excellent as strong business fundamentals continue to drive strong growth," Chief Executive Clara Furse said in a trading update on its financial year to March 31st.

The LSE, Europe's largest share market, has fought off four takeover attempts in two years and repelled a hostile £2.7 billion bid from Nasdaq Stock Market in February.

LSE shares closed at 1,261 pence yesterday, valuing it at around £2.67 billion. Nasdaq, which holds a 28.75 per cent stake in the London bourse, had offered 1,243p per LSE share.

READ MORE

The LSE is scheduled to release its full-year results on May 16th.