London Stock Exchange Warns on Supply Chain Shortages

London Stock Exchange Warns on Supply Chain Shortages
The London Stock Exchange Group offices in the City of London, Britain on Dec. 29, 2017. (Toby Melville/Reuters)
Reuters
Updated:

London Stock Exchange Group said it was on track to achieve cost savings from the integration of data platform Refinitiv after a steady third quarter, but warned supply chain shortages could impact the timing of its technology spending.

The exchange said pro forma underlying income was 1.78 billion pounds ($2.46 billion) in the three months to the end of September, up from 1.75 billion a year earlier, helped by a rise in stock trading volumes and initial public offerings.