London Stock Exchange Group PLC (LSE:LSEG) shares fell on Friday despite the company reporting growth across all divisions, helped by the weak pound.
Total income in the third quarter, excluding recoveries, was up 16.2% on a reported basis to £1.9bn.
The increase was 5.9% on a constant currency basis, and up 7.0% adjusting for Ukraine and Russia conflict impact.
Annualised subscription value (ASV) rose 5.8% in the quarter, and is up 280 basis points since the Refinitiv acquisition in early 2021, the group noted, driven by new sales and improved retention.
Chief executive David Schwimmer said: “The consistency of delivery in recent quarters demonstrates the strength of our business model, generating quality recurring revenues from a range of services that are highly valued by our customers.”
He said the group remained “well positioned”.
The shares fell 1.9% to 7,276p.