London Stock Exchange fends off takeover talk as revenues leap

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Nasdaq remains the favourite to make its third attempt to buy the LSE but rivals in Singapore and Hong Kong have also been lined up as prospective bidders.

"We are not going to get into any speculation about what might be going on out there," said finance director Doug Webb. "The overarching message from our first quarter is that despite the fact that many of us spent a great deal of time on a deal which did not complete we still achieved revenue growth of 14%."

Revenues for the three months to the end of June were £190.2 million with primary markets income up 22% boosted by the flotations on the London market of Glencore, DP World and Bumi.

While flotations will calm down in the summer, Webb said the pipeline for the second half was "much stronger than it has been for a while".

LSE shares rose 28p to 1024½p. They have gained 10% since it dropped its bid for TMX, the Toronto exchange owner, at the end of June.

Chief executive Xavier Rolet said: "We remain focused on developing the business, including initiatives in derivatives, fixed income and technology sales."