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City of London

London Stock Exchange Starts £750 Million Share Buyback After ‘Strong First Half’

  • CEO David Schwimmer says LSEG is ‘managing costs well’
  • Bourse reports revenue growth across all business lines
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LSE to Immediately Begin $911 Million Share Buyback Program
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London Stock Exchange Group Plc will start a £750 million ($911 million) share buyback after reporting results for the first half of the year that beat analyst estimates.

The buyback will take place over up to 12 months and start immediately, according to a statement Friday. The firm will pay an interim dividend of 31.7 pence per share, up 27% from last year.