London Stock Exchange’s interims next Thursday will see investors focused on costs, says UBS.
Analysts at the Swiss bank expect them to come in at £1.67bn with growth of 16% to be elevated due to the seasonality of the cost base in 2022.
Data and Analytics revenues are forecast at £2.6bn with total income, ex-recoveries, of just under £4bn.
On the markets side, LSE has been battling really tough conditions with no IPOs, trading drying up and rising interest rates giving a serious alternative to equity investment.
What it has to say about this and if there is any wavering in its commitment to the stock exchange part of its business will also be worth noting.
Further out, a capital markets day later this year, in November, could potentially act as a fresh value catalyst if details are provided regarding LSEG’s Workspace and Microsoft integration, says Deutsche Bank.