LSEG, the operator of the London Stock Exchange, has raised its profit forecast for the second time and confirmed it will acquire credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm reported a 9.5 per cent rise in third-quarter gross profit to £2.2bn, driven by higher derivatives fees, and upgraded its pre-tax earnings margin forecast to between 100 and 120 basis points.
company
Octus
Credit data company.