LSEG Pushes up Profit Forecast as It Confirms $3.5bn Octus Swoop

LSEG Agrees $3.5 Billion Deal to Buy Credit Firm Octus

LSEG to buy Octus in $3.5 billion mega data analytics deal

The London Stock Exchange Group on Thursday agreed to buy financial ‌data firm Octus for about $3.54 billion, its biggest acquisition since the 2019 deal for Refinitiv as the group seeks to cement its stronghold in data and analytics.

LSEG pushes up profit forecast as it confirms $3.5bn Octus swoop

LSEG has upped its profit forecast for a second time as the operator of the London Stock Exchange confirmed plans to take on credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit [...]

London Stock Exchange Group raises guidance on strong growth and AI demand

Fears that the London Stock Exchange Group would be disrupted detrimentally by AI appear to have been overblown. In fact, the opposite seems true. London Stock Exchange Group raised its full-year guidance after strong third-quarter growth and announced two major acquisitions to build its credit and fixed income business. The financial data and markets group […]

LSEG to acquire Octus for $3.53bn

LSEG today announced that it has agreed to acquire Octus, a leading provider of credit intelligence, data and workflows, for a cash consideration of $3.535 billion.