London Stock Exchange full-year profit driven by most IPOs since 2007

[LONDON] London Stock Exchange Group reported a 19 per cent jump in adjusted full-year pretax profit, helped by a flurry of stock market listings last year, its busiest for initial public offerings in seven years.

The 214-year old bourse said adjusted pretax profit rose to 491.7 million pounds (US$748.7 million) in the year ended Dec 31.

REUTERS