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LSE upbeat on strong growth
POSTED: 10:15 a.m. EDT, March 30,2007

LONDON Stock Exchange Plc, which has spurned five takeover attempts in two years, said yesterday it's "confident of an outstanding result" for this year.

Average daily trading on the exchange's electronic system, SETS, rose 56 percent to 338,000 in the 11 months ended on February 28, LSE said in a statement. February was a record month, Bloomberg News said.

"We are confident of an outstanding result for the current financial year," LSE Chief Executive Officer Clara Furse said in the statement. "The exchange continues to perform very well with very strong growth on SETS in the final quarter."

Nasdaq Stock Market Inc on February 10 said it failed to gain investor support for its 2.7 billion pound (US$5.3 billion) offer for LSE, ending an 11-month bid to create a trans-Atlantic stock exchange. LSE has rejected four suitors since 2004, including Frankfurt-based Deutsche Boerse AG and Sydney-based Macquarie Bank Ltd.

From:shanghaidaily
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