(Bloomberg) -- Problems in the world’s supply chains have reached as far as London Stock Exchange Group Plc. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Forget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe bourse said in a third-quarter trading statement Frid
(Reuters) -London Stock Exchange Group said it was on track to achieve cost savings from the integration of data platform Refinitiv after a steady third quarter, but warned supply chain shortages could impact the timing of its technology spending. The exchange said pro forma underlying income was 1.78 billion pounds ($2.46 billion) in the three months to the end of September, up from 1.75 billion a year earlier, helped by a rise in stock trading volumes and initial public offerings. Its data and analytics unit, which houses Refinitiv, posted a 0.3% decline in pro forma income, with a dip in earnings from its Trading & Banking solutions business.
The performance of many companies that did launch an IPO this year, like The Hut Group, have disappointed.