Source - SMW
London Stock Exchange hiked its dividend after it booked a rise in underlying earnings amid revenue growth at its information services and post-trade divisions.

The bourse operator declared an interim dividend of 23.3p per share, up 16% on-year.

Pre-tax profit for the six months through June edged back to £362m, from £363m , owing to costs associated with the acquisition of date group Refinitiv.

Adjusted operating profit, however, rose 8% to £575m, amid a 4% rise in revenue to £1.06bn.

Revenue at information services group FTSE Russell rose 5% to £330m, while post trade, which included LCH, CC&G, Monte Titoli and UnaVista, grew revenue 9% to £372m.

Capital markets revenue fell 4% to £217m.

'Despite the challenges, we are well positioned to continue to develop and to make further progress on our strategic plans, including closing the Refinitiv transaction,' the company said. 

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