A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo/File Photoreported slightly stronger than expected full-year income for 2022 on Thursday, and hailed its integration of Refinitiv as a success as it announced plans to step up its ownership of the data analytics group.
LSEG reported total income, including recoveries, of 7.743 billion pounds in preliminary results for 2022, just above analysts' consensus of 7.733 billion pounds. It reported a basic earnings per share of 141.8 pence and a dividend per share of 107 pence, both above analysts' forecasts. "In addition to our existing share buyback, we are today announcing plans to seek shareholder approval for a buyback directed towards the Blackstone/Thomson Reuters consortium's stake, which will benefit all shareholders," LSEG Chief Executive David Schwimmer said in a statement.
The directed buyback from the Blackstone/Thomson Reuters consortium, from which LSEG bought Refinitiv for $27 billion in January 2021, is expected to be up to 750 million pounds by April 2024, LSEG said.
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