London Stock Exchange Group plc (LSEG) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to LSEG's H1 results presentation. I'm here with David and Anna, and they'll take you through our performance and outlook in just a moment. We'll then be happy to take your questions. If you want to ask a question, please join the conference call line. Details are available in the results release or from the IR team. David, over to you. Thanks, Peregrine, and good morning, everyone. I'll give you the brief highlights and then hand over to Anna to go through the financials in more detail before I bring to life some of the great strategic progress we are making. And of course, then we'll be happy to take your questions. We have delivered another half of strong performance as we continue to accelerate revenue growth and drive transformation across our business, with Q2 growth at 8.4%, up from 7.5% in Q1. Our data and analytics division grew by more than 7.5% in the half, the fastest it has grown for many years, as the investments we've been making in our products and our stronger customer relationships are now really starting to bear fruit. We made progress in capital markets despite headwinds and equities, and we delivered outstanding growth in post-trade, as we once again demonstrated the critical role we play in helping customers manage risk in uncertain markets. We're making very good progress on a number of key strategic priorities, including projects to re-platform our FX venues and our index business. We'll be rolling out the first features of our new FX platform in the second half. We've made a great start with the Microsoft partnership, and we now have hundreds of people around the world building products together. Cash generation is good, and that's driving continued shareholder returns. Our 750 million pound on-market share...