Lse says committed to complete refinitiv deal in h2 2020
Lseg 2020 q1 trading statement.qtrly information services: revenues up 7% to £215 million.qtrly capital markets: revenues up 15% to £112 million,.good q1 performance against unprecedented market backdrop.good q1 performance against unprecedented market backdrop.q1 total income up 13% year-on-year to £615 million, driven by increased equity trading in capital markets and higher clearing activity.integration planning for refinitiv transaction progressing well.remain committed to achieving refinitiv transaction completion in h2 2020.qtrly post trade: income up 17% to £271 million, with 11% growth in lch revenue.recognises significant impact of coronavirus covid-19 global pandemic on its employees, customers and other stakeholders.as at 31 march 2020, group had committed facility headroom of over £600 million available for general corporate purposes.strongly believes it has sufficient cash resources and access to liquidity to maintain continuity of business.has no need to materially adjust any its operations or incur significant additional costs.too early to comment specifically on impact of coronavirus pandemic on outlook for lseg and its customers for remainder of year.group believes longer-term drivers of growth in each of its business lines remain intact..market conditions are likely to remain challenging in coming period.
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