London, January 21, 2026, 08:53 GMT — Regular session
- LSEG shares dipped further in early London trading following a weak open.
- The group revealed an additional tranche of repurchases as part of its ongoing buyback program.
- Traders are eyeing UK capital-markets rule shifts and tariff-driven swings as late-February results approach.
Shares in London Stock Exchange Group (LSEG.L) slipped roughly 1.8% to 8,820 pence early Wednesday, having opened at 8,934 pence. The stock dipped as low as 8,794 pence during the session, according to Hargreaves Lansdown data. 1
The stock’s drop reflects investor anxiety about the duration of the recent spike in geopolitical and tariff tensions, following a stretch when markets had grown accustomed to quick recoveries. 2
London shares dropped earlier this week following U.S. President Donald Trump’s warning of tariffs on Britain and several European nations. Reuters reported a 10% tariff could kick in on February 1 if no agreement is reached. 3
LSEG operates the London Stock Exchange and provides data and trading services across various markets, serving as a key indicator of risk appetite and capital-raising trends. 4
On Tuesday, the company disclosed it bought back 110,386 shares on January 19, paying an average of 9,149.65 pence each. It intends to cancel these shares, reducing the total number outstanding and potentially boosting earnings per share. 5
On Tuesday, LSEG highlighted fresh developments in its Risk Intelligence unit, rolling out a dataset designed to track sanctions exposure via ownership and control ties right to tradable securities. “Sanctions regimes today extend far beyond simple lists of designated names,” said Chris Moyser, head of strategy at LSEG Risk Intelligence. 6
Britain’s overhauled fundraising rules kicked in Monday, trimming the number of situations where listed companies must issue a full prospectus to raise new equity. The FCA’s capital-markets chief, Jamie Bell, said initial responses suggest deals are happening that “couldn’t have been done under the old rules.” Meanwhile, London Stock Exchange CEO Julia Hoggett described the changes as making it “easier, faster and more efficient” for firms to tap capital. 7
Politics often overrides process. This week, finance minister Rachel Reeves abruptly withdrew from an LSE event amid escalating concerns about tariffs linked to the Greenland dispute, highlighting how swiftly sentiment can shift against UK assets. 8
LSEG’s earnings aren’t as dependent on IPO booms as they were ten years ago, but strong market activity remains crucial. A sustained risk-off environment can dampen trading appetite, even if higher volatility boosts some volume.
LSEG’s preliminary results drop on February 26, marking the next major event. Investors will zero in on any updates regarding buyback activity and what impact, if any, the volatile markets might have had on the firm’s data and markets units. 9
