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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

LSE outlook brightened by Citigroup note

Seems like a good day for Clara Furse. The London Stock Exchange is currently the top riser in the FTSE 100, up 53p to £18.60.

The impetus is a positive note from Citigroup, which has raised its price target from £16.50 to £18.25. And this despite the perceived competition threat from Project Turquoise and others.

Citigroup said: "Heightened volatility caused by the credit crunch is proving positive for LSE's volumes, and the projected slowdown in second half trading shows no sign of materialising."

But the investment bank kept its hold rating since the shares are trading at a premium to European rivals such as Deutsche Boerse.

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