Shifting the goalposts in the aftermath of its mammoth Refinitiv deal caused investors to rethink the growth potential of London Stock Exchange Group. Confidence in its sales growth might be improving, but there is more work to be done to prove it can keep costs in check. To that end, in a capital markets day last week its management set out fresh organic growth and margin ambitions.
It is now targeting annual organic revenue growth in the mid-to-high single digits before accelerating after next year. That compares with a firmer target of 5 per cent to 7 per cent set in 2019, when it announced the Refinitiv takeover. That guidance is looser in recognition of the inflationary pressures and global political turmoil that have added
