labels: stock markets - world
LSE achieves record revenuesnews
12 July 2007

London: The London Stock Exchange has reported record first-quarter revenue of 100.1 million pounds ($203 million) on Wednesday.

LSE''s revenue for the three months ended June, the first quarter of its financial year, rose 19 percent from a year earlier as initial public offerings (IPOs) hit their highest level in six years.

The LSE said revenue from its issuer services rose 35 per cent to a record 19.4 million pounds in the first quarter as 128 IPOs raised a total of 10.2 billion pounds ($20.68 billion).

That was more than double the 4.7 billion pounds raised by 138 IPOs in the same quarter last year. There were 43 IPOs on the main board in the first quarter, the highest level in six years.

The LSE announced its takeover of Borsa Italiana on 23 June.

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LSE achieves record revenues