Repeat & Correct: London Stock Exchange Group Lifts Margin Outlook, Gets Post Trade Solutions Investment

Eleven global banks are investing in Post Trade Solutions. "London Stock Exchange Group Lifts Margin Outlook, Buys Stake in Post Trade Solutions," at 0708 GMT, incorrectly said the London Stock Exchange was buying a stake in Post Trade Solutions in the headline and first paragraph. The correct version follows:

By Najat Kantouar

London Stock Exchange Group raised its full-year margin outlook after third-quarter income grew, and said it is getting a 170 million pounds ($227.1 million) investment into Post Trade Solutions from 11 global banks.

The stock-exchange and financial-information company now expects constant-currency growth in its full-year earnings before interest, taxes, depreciation and amortization margin to be at the top end of its previous guidance of 0.75 to 1 percentage point.

It still anticipates organic constant-currency growth in total income excluding recoveries of 6.5% to 7.5% and equity free cash flow of at least 2.4 billion pounds ($3.21 billion).

For the third quarter, total income excluding recoveries rose to 2.22 billion pounds from 2.12 billion pounds for the same period a year earlier. This slightly beat company-compiled consensus at 2.20 billion pounds.

Recoveries mainly relate to fees for third-party content, such as exchange data, that is distributed directly to customers.

On a constant-currency basis, income at its data and analytics unit grew 4.9%, while markets and risk-intelligence segments rose 6.3% and 13.9%, respectively, in the quarter.

Separately, LSEG said 11 global banks--comprising Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley, Nomura, Societe Generale and UBS--will get a 20% share of Post Trade Solutions in exchange for their cash investment.

The banks are all major customers of its clearing services and Post Trade Solutions business.

The deal values Post Trade Solutions--which provides risk-management and optimization services to the uncleared derivatives market--at 850 million pounds.

LSEG said that the banks will nominate three directors to join Post Trade Solutions' board.

The company said it would also buy an increased proportion of the revenue surplus in the SwapClear business for 1.15 billion pounds in cash.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

October 23, 2025 05:07 ET (09:07 GMT)