LSEG reported first-half revenue of £4.5bn, reflecting underlying growth of 7.8%. Performance reflected broad-based growth across all business units. Recurring revenue growth slowed to 5.8%, and there’s expected to be a further hit in the coming quarter.
Underlying operating was up 13.4% to £1.7bn, driven by top-line growth and improving margins.
Free cash flow rose from £651mn to £935mn and net debt, including leases, was £6.3bn at the end of the half.
Guidance was largely unchanged, with full year revenue growth expected between 6.5-7.5%.
A dividend of 47.0p was announced, up 14.6%, alongside a new £1bn buyback (£0.5bn expected).
The shares fell 3.9% in early trading.
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LSEG key facts
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