London Stock Exchange Group hails progress with Microsoft

Half-year results lift shares in the financial data and trading operator to record highs
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London Stock Exchange Group impressed with its half-year results
London Stock Exchange Group impressed with its half-year results
HANNAH MCKAY/REUTERS

London Stock Exchange Group said that it was investigating whether lessons could be learnt from the global computer outage last month as it reported “strong progress” in its alliance with Microsoft.

As it unveiled half-year results that in turn lifted shares in the financial data and trading group to new record highs, David Schwimmer, its chief executive, said of the IT failure last month, which brought large parts of the global economy that use Microsoft’s cloud servers to a standstill, had hit its regulatory news service and had created “a couple of other issues across the broader LSEG estate. We’re focused on our operational resilience. We are looking into whether there are any changes that need to be made and any lessons to be learnt.”

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