LONDON (Reuters) – London Stock Exchange Group, the operator of the London Stock Exchange, released slightly better-than-expected 2022 results on Thursday and billed the integration of Refinitiv as a success.
LSEG posted total revenue of 7.743 billion pounds (8.71 billion euros) for 2022, while analysts had expected 7.733 billion pounds. Earnings per share came in at £1.418 and dividend per share came in at £1.07, both above analysts’ forecasts.
“In addition to our existing share buyback, we are today announcing our intention to seek shareholder approval for a buyout directed to the Blackstone/Thomson Reuters consortium stake, which will benefit all shareholders,” said David Schwimmer. , CEO of LSEG, in a statement.
LSEG completed its buyout of Refinitiv for $27 billion in January 2021.
As of January 31, Thomson Reuters, the parent company of the Reuters news agency, held a minority stake in LSEG of approximately $5.6 billion.
(Reporting Huw Jones; Lina Golovnya, editing by Kate Entringer)
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