Business
LSEG sells stake in Post Trade Solutions to global banks
The London Stock Exchange Group (LSEG) has struck a deal to sell a minority stake in its Post Trade Solutions to a group of banks including JP Morgan and Barclays.
In an announcement alongside its latest financial results, LSEG said it will sell a 20% stake in the division to a group of 11 global banks.
The firms will pay a total of £170 million to invest into the Post Trade Solutions business, which provides risk management services to the uncleared derivatives market.
It will value the business, which generated revenues of £96 million and earnings of £16 million last year, at around £850 million.
The banks involved in buying a stake in the business are all significant customers of the division and LSEG’s clearing services.
It came as LSEG reported that profit margins are on track to be at the “top” of its guidance for the year after positive trading over the past quarter.
Total income grew by 6.4% over the quarter to the end of September, as it was buoyed by strong growth in its risk intelligence arm, which grew 13.9%.
Meanwhile, it saw 9.3% growth in its FTSE Russell business and a 4.9% rise in data and analytics.
The company also hailed “continued strong” growth across its subscription businesses.
David Schwimmer, chief executive of LSEG, said: “We continued our strong momentum in Q3, driving growth across all business lines.
“We are also improving profitability and are now expecting EBITDA (earnings before interest, tax, depreciations and amortisation) margin at the top of guidance for 2025.
“We have significantly accelerated our strategic progress in the last few months, driving the long-term growth potential of the business: we have launched a series of innovative new products for customers positioning LSEG as the partner of choice in AI with the likes of Microsoft and Databricks.”
Shares in the FTSE 100 firm moved 6% higher in early trading.
New Delhi: Union Minister Jyotiraditya Scindia on Thursday had a detailed discussion with Finance Minister Nirmala Sitharaman and senior ministry officials, exploring strategies to accelerate digital infrastructure development and regional connectivity.
The discussions centred around the capex priorities for Department of Telecommunications (DoT), the Ministry of Development of Northeastern Region and India Post Office.
“Had a constructive discussion with Finance Minister and senior officials of Finance Ministry on the Capex priorities for @DoT_India, @MDoNER_India, and @IndiaPostOffice,” Scindia posted on X social media platform.
“We explored strategies to accelerate digital infrastructure development, enhance regional connectivity, and modernise services with an optimising resource allocation and stronger impact,” the minister added.
He further stated that “our shared goal remains clear – to strengthen these vital sectors as engines of growth and innovation, and to advance a truly inclusive, digitally empowered and Aatmanirbhar Bharat”.
Last week, Scindia highlighted that the ministry’s expenditure on projects in northeast had touched an all-time high of Rs 3,447.71 crore in FY 2024–25 — marking a 74.4 per cent increase over the previous year and more than 200 per cent growth in three years. This performance, he noted, reflects the emphasis of the Ministry of Development of Northeastern Region (MDoNER) on fiscal discipline, digital monitoring, and timely delivery.
Meanwhile, India’s telecom sector is poised to increase its contribution to the country’s GDP from the current 12-14 per cent to 20 per cent over the next 10 to 12 years. India has developed an indigenous 4G technology stack, making it the fifth country globally to achieve this capability. The development was completed in a record 20 months, from concept to a full 4G stack.
The minister added that BSNL will expand its 4G network and eventually upgrade it to 5G. India now has 1.2 billion mobile subscribers, representing 20 per cent of the world’s mobile population.
Over the past 25 years, gold has generated an average annual return of 14.6%, far higher than any traditional saving scheme or bank deposit. (Image: Pexels)
If the same pace continues, gold prices could reach high levels by 2050 that Rs 1 crore would be enough to buy just a few grams of gold. (Image: Pexels)
In one year, gold (24-Karat) has increased over 67%. The weakness of the dollar, rising geopolitical tensions, trade tariff tensions, and uncertainty in global economy have further boosted gold demand. (Image: Pexels)
Also, the festive season and wedding demand in India have also kept gold prices high in the domestic market. (Image: Pexels)
Today, if someone were to buy Rs 1 crore worth of gold, they would get approximately 758g (0.76 kg) of gold. (Image: Pexels)
Notably, in October 2000, gold price stood at Rs 4400 per 10 grams, and after 25 years, it now stands above Rs 1.32 lakh per grams, signifying an annual growth rate of 14.6%. (Image: Pexels)
If the gold prices continue to rise at the same rate (14.6 CAGR) over the following 25 years, the gold price could reach approximately Rs 40 lakh per 10 grams. (Image: Pexels)
Hence, according to assumption and estimations, Rs 1 crore would be enough to buy only 25 grams of gold. (Image: Pexels)
Please Note: Gold prices depend on many domestic and global factors such as interest rates, the dollar’s position, central bank policies, and the state of global economy. (Image: Pexels)
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IT Stocks Today: Infosys surges by nearly 4%, HCL Tech is up by 2.8%, Tech Mahindra rises 1.97%, and TCS gains 1.2%.
Know why IT shares are rising today.
IT companies were the top performers in the Indian stock markets today amid hopes of an early India-US trade deal and increased buying on the back of valuation comfort. Infosys surged by nearly 4%, HCL Tech was up by 2.8%, Tech Mahindra rose 1.97%, and TCS gained 1.2%.
Among the midcap IT companies, MPhasis jumped 2.44%, Persistent was up by 1.96%, and Coforge rose 1.5%.
US President Donald Trump said he spoke with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. “We talked about a lot of things, but mostly the world of trade,” Trump told reporters in the Oval Office. Trump added that energy was also part of the discussion, saying Modi assured him that India would be limiting its oil purchases from Russia.
According to Mint citing three people aware of the matter, the India-US trade deal is expected to reduce American tariffs on Indian imports to 15% to 16% from 50%.
Why Is Infosys Top Gainer Today?
Promoters and members of the promoter group of Infosys Ltd, including its iconic founders N.R. Narayana Murthy, Sudha Murty, and Nandan Nilekani, have chosen not to participate in the company’s Rs 18,000-crore share buyback programme. The IT major informed stock exchanges about their decision on Wednesday, October 22.
As per the company’s exchange filing, “In this regard, the Promoter and Promoter Group of the Company have expressed their intention of not participating in the Buyback vide their letters dated September 14, 2025, September 16, 2025, September 17, 2025, September 18, 2025 and September 19, 2025.”
The decision of Infosys’ promoters and co-founders to stay away from the Rs 18,000-crore buyback indicates that they are not looking to reduce their long-term stake in the company. It reflects confidence in Infosys’ growth prospects and financial stability, as promoters typically refrain from tendering shares when they believe in the company’s future value. However, their non-participation will slightly increase their relative ownership percentage once the buyback is completed, since the total number of outstanding shares will decrease.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 23, 2025, 10:02 IST
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