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LSE off to 'strong start' to 2016 as Q1 income rises YOY

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LSE off to 'strong start' to 2016 as Q1 income rises YOY

reported first-quarter total income of £613.8 million, compared to £603.0million in the same period in 2015.

Incomefrom continuing operations amounted to £387.6 million, up from £354.0 millionin the first quarter of 2015. Income from discontinued operations, whichinclude Russell InvestmentManagement Co. and Proquote, dropped to £226.2 million from £249.0 million.

Totalrevenue from capital markets rose to £92.4 million from £85.9 million in thefirst quarter of 2015. Total revenue from LCH.Clearnet Group Ltd. alsoincreased to £84.3 million from £73.9 million.

Nettreasury income through central counterparty businesses reached £27.9 millionin the first quarter, compared to £20.2 million in the year-ago period.

LSEGroup said its financial position has not materially changed from 2015-endfollowing normal-course bond coupon payments and ongoing investment in organicgrowth. It added that it has made a "strong start" to 2016, despitechallenging market conditions.