Despite lower profit, LSEG announces buyback program and increased dividend

  • London Stock Exchange Group reports lower pretax profit
  • Plans to execute a share buyback program in 2024
  • Adjusted Ebitda margin down to 47.2%
  • Total income excluding recoveries rose to GBP8.009 billion
  • Full-year total dividend increased to 115 pence a share

London Stock Exchange Group reported lower pretax profit despite higher income reflecting profitable growth across all segments, and said it plans to execute a share buyback program in 2024. Adjusted Ebitda margin was down to 47.2% from 47.8%. The group’s total income excluding recoveries rose to GBP8.009 billion from GBP7.43 billion. The board declared a full-year total dividend of 115 pence a share, up from 107.0 pence a share a year earlier.

Factuality Level: 8
Factuality Justification: The article provides a detailed and factual account of London Stock Exchange Group’s financial performance, including key metrics such as pretax profit, adjusted EBITDA, total income, and dividend. The information is sourced from the company’s website and includes statements from the Chief Executive. There are no obvious signs of bias, sensationalism, or inaccuracies in the reporting.
Noise Level: 3
Noise Justification: The article provides detailed financial information about the London Stock Exchange Group, including its profit, income, dividends, and future plans. It stays on topic and supports its claims with data and figures. However, it lacks in-depth analysis, accountability, or exploration of long-term trends.
Financial Relevance: Yes
Financial Markets Impacted: London Stock Exchange Group
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of the London Stock Exchange Group, reporting on its lower pretax profit and plans for a share buyback program. There is no mention of any extreme events or their impact.
Public Companies: London Stock Exchange Group (LSEG)
Key People: David Schwimmer (Chief Executive), Najat Kantouar (Author)

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Reported publicly: www.marketwatch.com