London, Jan 10, 2026, 09:25 GMT — Market closed
London Stock Exchange Group (LSEG.L) shares ended Friday up 1.1% at 8,952 pence, snapping back after a midweek dip as the exchange and data group kept buying in stock. 1
The move matters now because LSEG is in the middle of a large buyback, which can put a steady bid under the shares by shrinking the share count over time. It also lands ahead of a run of macro tests that can jolt volumes and risk appetite — the stuff exchanges live off.
LSEG said on Friday it bought 112,659 shares a day earlier at an average 8,876.35 pence, with the stock due to be cancelled. A day before that, it reported another 117,644 shares bought at an average 8,941.89 pence. 2
UK equities finished the week with a tailwind. The FTSE 100 closed at a record high on Friday after U.S. jobs data kept talk of Federal Reserve rate cuts in play; traders were pricing about 54 basis points of easing in 2026, LSEG-compiled data showed. (A basis point is one-hundredth of a percentage point.) 3
Technically, LSEG is still trying to steady itself. The shares sit in a 52-week range of 8,096 to 12,185 pence, and Friday’s trading range stayed tight, between roughly 8,776 and 8,964 pence. 4
The current programme runs for up to 1 billion pounds and is scheduled to end no later than Feb. 25, a filing of the buyback terms showed. That puts extra focus on how much firepower is left, and whether management keeps the pace up into results. 5
But buybacks do not fix the bigger question for investors: where earnings growth comes from if markets cool and trading activity fades after a strong start to the year. A sharper shift in rate expectations, or a broader risk-off move, can hit volumes and dent fee income across exchange operators.
Next up, traders are watching U.S. inflation data due on Tuesday, which could reset rate-cut bets, and LSEG’s preliminary results on Feb. 26. 6
