London Stock Exchange
August 5, 2011 by staff
London Stock Exchange, Toronto stock exchange operator TMX Group (X. TO), the target of a takeover bid C and 3.8 billion (and $ 3.9 million) hostile, reported higher-than-expected quarterly earnings lower costs and higher revenues from new ads and derivatives trading.
However, in the second quarter net income fell due to the burden of a failed merger with the London Stock Exchange (LSE.L) and a takeover of Maple Group, a consortium of Canadian financial companies and funds pension, TMX said Friday. Excluding items, TMX said earnings were 94 Canadian cents per share.
Analysts on average had forecast 90 cents, according to Thomson Reuters I / B / E / S “The good results,” said Ed Ditmireanlyst at Macquarie Research in New York. “And probably most importantly, under the idea that if TMX can make more money than people thought they could, as an independent company, which will help the administration if they wanted to present alternatives to the supply of maple.”
TMX Group Inc. is an integrated, multi-asset class exchange group. The actions of X and remained at 33.87. In the past year, shares have traded as low as 33.62 and as high as 64.03. On average, X 8087130 shares changing hands on a given day and the volume of records on 29,826 today.
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