London Stock Exchange

Thanks to stronger trading in the third quarter, the London Stock Exchange (LSE) has again raised its full-year outlook and now targets organic revenue growth of at least 8%. In Q3 revenues rose by nearly 9% to £2.41 billion. The LSE also announced the acquisition of US data provider Octus for $3.5 billion in cash. The announcements drove the stock up by around 7%, but it remains below the 2025 record high. » More on finanzen.net

The London Stock Exchange Group (LSEG) is negotiating with Permira to buy Octus, a provider of loan data, analytics and workflow solutions, for $3.5 billion. According to LSEG, Octus covers the entire loan lifecycle, has a strong position in illiquid and private loans and has posted double-digit revenue growth thanks to its subscription model. It was emphasized that no final agreement has been reached and a deal is not guaranteed. The announcement briefly pushed LSEG’s stock in London down by about 4.45 percent. » More on finanzen.net

Three more London-listed companies will leave the market after takeover agreements: Bodycote agreed a £1.84bn bid from Veritas, Gamma Communications recommended a £1.1bn offer from Epiris, and Capricorn accepted a $396m offer from DNO. The transactions push the total value of deals removing companies from the London Stock Exchange this year past $100bn, intensifying pressure on the market amid a broader wave of buyouts. Private equity buyers cited greater flexibility and scope for long-term investment as reasons for taking the targets private. » More on theguardian.com