London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake

Kitco Media
By Reuters
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Reuters
LONDON, March 2 (Reuters) - London Stock Exchange Group reported slightly above consensus results for 2022 on Thursday, and hailed its integration of data and analytics group Refinitiv as a success. LSEG reported total income, including recoveries, of 7.743 billion pounds ($9.28 billion) for 2022, just above analysts' consensus of 7.733 billion pounds. It reported a basic earnings per share of 141.8 pence and a dividend per share of 107 pence, both above analysts' forecasts. "In addition to our existing share buyback, we are today announcing plans to seek shareholder approval for a buyback directed towards the Blackstone/Thomson Reuters consortium's stake, which will benefit all shareholders," LSEG Chief Executive David Schwimmer said in a statement. LSEG completed its $27 billion takeover of data and analytics company Refinitiv in January 2021. Thomson Reuters, the parent company of Reuters News, owned about $5.6 billion worth of LSEG shares as of Jan 31. ($1 = 0.8344 pounds) (Reporting by Huw Jones, editing by Sinead Cruise)

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