- Fortune
In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.
- Reuters
UPDATE 2-LSEG reports in-line first quarter as Microsoft partnership progresses
The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans for the roll out of products from its partnership with Microsoft, though the bourse's shares hit a five-month low in early trading. LSEG said total income, excluding recoveries, in the first quarter was 2.089 billion pounds ($2.61 billion), with gross profit of 1.893 billion pounds, in line with analysts' consensus forecasts compiled by LSEG. LSEG was "confident of continued growth and improving profitability", adding that it was on track to meet all financial guidance provided during its November 2023 Capital Markets Day.
- Reuters
LSEG positive on Microsoft tie-up progress as investors back CEO pay hike
LONDON (Reuters) -London Stock Exchange Group reported in-line first quarter earnings and continued progress with its Microsoft tie-up on Thursday, as shareholders approved more buybacks and a potential doubling of CEO David Schwimmer's pay. LSEG was "confident of continued growth and improving profitability", adding that it was on track to meet all its financial guidance from November 2023. Shares in LSEG initially hit lows last seen in November, but recovered to be up 2% after analysts digested a drop in a closely-watched metric tracking recurring subscription revenue.
