London Stock Exchange Has Its Worst Quarter in a Decade
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Shares of London Stock Exchange Group Plc just had their worst quarter since 2011 amid concerns around the cost of buying markets data firm Refinitiv. Previous profit targets tied to the deal may be difficult to achieve, analysts warned after an earnings report last month that was followed by a share sale by former Refinitiv-owner Thomson Reuters Corp. and other investors. Still, LSE stock is still up more than 20% since reports of the potential deal emerged back in 2019. Bloomberg LP, the parent of Bloomberg News, competes with Refinitiv to provide financial news, data and information.