By Sabela Ojea

 

London Stock Exchange Group PLC reported on Friday a significant rise in pretax profit for the first half of 2022 and said it is launching a share buyback program with an aggregate value of up to 750 million pounds ($911.9 million).

The stock-exchange and financial-information company posted a pretax profit of GBP803 million compared with GBP463 million for the same period a year earlier.

Total income including recoveries increased to GBP3.74 billion from GBP3.02 billion for the year-earlier period.

The board declared an interim dividend of 31.7 pence a share, up from 25.0 pence a year earlier.

"We are managing costs well and we continue to make progress to achieve our synergies. We are successfully executing on our strategy, with good momentum going into the second half," it said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

August 05, 2022 02:35 ET (06:35 GMT)

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