LONDON (Reuters) - London Stock Exchange Group Plc (L:LSE), which has agreed a merger with German peer Deutsche Boerse (DE:DB1Gn), reported a rise in first-quarter revenue on Wednesday, aided by growth at its FTSE Russell, capital markets and clearing units.
The company, which also owns Borsa Italiana, said revenue rose 8 percent to 358.9 million pounds in the first quarter ended March 31, beating company-supplied average estimates of 350.1 million pounds.
LSEG reiterated there was "compelling" logic in its deal with Deutsche Boerse.
Revenue at its capital markets division, which makes money from fees paid by companies listing on its markets and trading of stocks and bonds, rose by 8 percent to 92.4 million pounds.
LCH.Clearnet, the clearing house, saw revenue increase by 14 percent with growth coming from a rise in volumes of over-the-counter derivative products.
Revenue from information services, which includes the FTSE index business, rose 10 percent to 141.5 million pounds.
Technology services provided the only weak spot, with revenues down 17 percent, hurt mainly by the timing of customer deliveries.
