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LSE ups dividend on higher FY'17 profit

London Stock Exchange Group Plc reported full-year 2017 consolidated profit attributable to equity holders of £505 million, up from a restated £152 million in 2016.

EPS for 2017 was 143.0 pence, compared to 42.6 pence a year earlier.

Total income from continuing operations reached £1.96 billion, up from the year-ago £1.66 billion. Gross profit from continuing operations increased over the period to £1.74 billion from £1.48 billion.

Revenue from capital markets ticked up year over year to £391 million from £368 million, while revenue from posttrade services at LCH Group Holdings Ltd. rose to £432 million from £356 million. Revenue from posttrade services at CC&G and Monte Titoli came in at £109 million, compared to £104 million in 2016, while revenue from information services rose to £736 million from £595 million.

The group's net treasury income through central counterparty businesses was £162 million, an increase from the year-ago £125 million.

The group's board is proposing a final dividend for 2017 of 37.2 pence per share, which, together with the interim dividend of 14.4 pence, results in a total dividend of 51.6 pence per share, a 19% increase from the year-ago dividend of 43.2 pence per share. The final dividend will be paid May 30 to shareholders on the register as of May 4.