Dame Clara’s LSE swansong sees revenues surge - Business - Evening Standard
       

Dame Clara’s LSE swansong sees revenues surge

Dame Clara Furse today began her last day as chief executive at the London Stock Exchange by posting results that show share trading levels are improving, in another sign of green shoots in the economy.

In April, the average daily value of equity trading on the LSE's UK order book was up 2% on the previous quarter, helping it to beat forecasts, posting revenues of £671.4 million for the full year to March 31.

But the LSE's market share of Footsie 100 stocks this month fell below 70% for the first time, as the impact of discount rivals Chi-X, Turquoise and Bats begins to become clear.

"Although market conditions are expected to remain testing, the group is well-placed for the future," the LSE said in a statement.

Xavier Rolet, a 49-year-old former Lehman Brothers banker, takes over Furse's job at the close of trading today.

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity