London bourse net falls 40%
Source: Agencies |
November 26, 2009, Thursday
|
Print Edition
Print Edition
THE London Stock Exchange Plc posted a 40 percent drop in first-half earnings yesterday on the back of lower trading and warned that market conditions remain uncertain.
The bourse reported net profit of 49.3 million pounds (US$82.4 million) for the six months ended September 30, down from 81.7 million pounds a year ago.
Revenue fell 9 percent to 310.9 million pounds, from 342.5 million pounds, as the exchange was also hit by increased competition.
"Underlying market conditions remain uncertain, at least in the near term, and competition in cash equities trading is expected to remain intense," the stock exchange said in a statement.
The LSE has been losing market share to multilateral trading facilities such as Chi-X and BATS since pan-European regulation opened the market to competition in 2007.
The bourse reported net profit of 49.3 million pounds (US$82.4 million) for the six months ended September 30, down from 81.7 million pounds a year ago.
Revenue fell 9 percent to 310.9 million pounds, from 342.5 million pounds, as the exchange was also hit by increased competition.
"Underlying market conditions remain uncertain, at least in the near term, and competition in cash equities trading is expected to remain intense," the stock exchange said in a statement.
The LSE has been losing market share to multilateral trading facilities such as Chi-X and BATS since pan-European regulation opened the market to competition in 2007.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
