London Stock Exchange Group posts 31% rise in profit

[BENGALURU] London Stock Exchange Group, which is in talks to merge with Deutsche Boerse to create a pan-European trading house, reported a 31 per cent rise in full-year adjusted pre-tax profit on Friday.

The company, which owns Borsa Italiana and the London Stock Exchange, said discussions with Deutsche Boerse were ongoing.

LSE and Deutsche Boerse said last week they were in merger talks, although New York Stock Exchange owner Intercontinental Exchange has raised the prospect of a bidding war by saying it is considering making a counter-offer.

REUTERS