LSEG shares drop following H1 costs miss

£30m non-cash FX adjustment

London Stock Exchange Group’s share price fell sharply following the publication of its interim H1 results today (3 August), after costs for the group came in higher than expected.

The group's share price fell 4.2% following the publication of the results, before recovering slightly, according to data from MarketWatch, although the share price was still down 3.2% over the last five days. Blackstone/Thomson Reuters consortium sells £2.7bn of LSEG shares The group's revenues were in line with company consensus, but costs came in 3% higher than expected, according to Bank of America analysts Hubert Lam and Alexandre Tissieres. This miss on costs came largely from a £30m non-cash FX adjustment, the analysts said, meaning that excluding this, the EBITDA margin...