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TEMPUS

Adding up the numbers for LSE’s data deal

The Times

The thing about transformations is that you never know at the beginning whether they will succeed or fail. In the case of London Stock Exchange Group, the acquisition of Refinitiv, the financial data business, clearly has the potential to reinvent the securities market operator as a bigger, hugely rounded global force in trading and analytics. But it could also propel it into a tangled thicket of regulatory investigations and leave it heavily saddled with debt.

London Stock Exchange Group was founded as a venue for trading stocks in the coffee houses of the City in 1571 and, after hundreds of years as a private company, was listed on its own market in 2001.

As an active player in the extensive consolidation of securities exchanges