London Stock Exchange Stock News

London Stock Exchange Group PLC (LSE:LSEG), the FTSE 100 exchange and data provider, is on track for its strongest annual organic revenue growth since 2018 after third-quarter income, excluding recoveries, rose 8.8% on an organic constant-currency basis, and it agreed to buy Octus for $3.535 billion. LSEG now expects full-year organic constant-currency growth in total income, excluding recoveri...

The stock-exchange and financial-information company said last week that it was in talks over the deal to buy the credit intelligence, data and workflow provider from Permira.

LSEG to buy Octus for $3.5 billion in data analytics push

Citi, the broker, sees strong strategic logic in a potential acquisition of credit specialist Octus by London Stock Exchange Group PLC (LSE:LSEG), the exchange and financial data provider. The Financial Times reported that LSEG was exploring an acquisition of Octus, a provider of data on sub-investment grade credit, which is debt issued by companies with lower credit ratings.

LSEG said ​on Tuesday it ‌was in talks ​with ​private equity firm ⁠Permira ​for the ​purchase of New York-headquartered financial ​data ​provider Octus for ‌about $3.5 ⁠billion.

The London Stock Exchange Group (LSEG.L), opens new tab has held talks with Octus and its ​private equity owner Permira over a ‌possible bid for the New York-headquartered financial data provider, two people familiar with the matter told Reuters.

The move comes as the exchange fights to grow its relevance amid declining public listings and increased retail and institutional interest in crypto.

LONDON & ST HELIER, Jersey--(BUSINESS WIRE)--Payward, the developer of the xStocks tokenized equities framework, and the London Stock Exchange are partnering to advance the tokenization of UK equity markets. In the coming weeks, the 100 largest companies listed on the London Stock Exchange will be available as xStocks, the world's most widely traded tokenized equities framework. Together the tw...