London, Jan 31, 2026, 08:34 GMT — Market closed
- Shares closed Friday just 0.05% higher, at 8,122p.
- Company signaled a fresh cooperation framework with a Chinese lender, though details remain scarce.
- Next up: buyback updates and preliminary results for Feb. 26.
London Stock Exchange Group plc (LSEG) shares nudged up 0.05%, ending Friday at 8,122 pence, recovering slightly from Thursday’s 2.15% slide. During the session, the stock fluctuated between 8,050 and 8,210 pence. (Investing)
The market’s closed for the weekend, but come Monday, investors will be back asking: is the company still driving fee-based growth while handing back cash? That question carries more weight now. Headlines about deals and trading volumes often vanish quickly. LSEG, meanwhile, relies heavily on more stable revenue streams like data, indices, and post-trade services.
On Friday, LSEG announced it had inked a memorandum of understanding — usually a non-binding deal — with Industrial and Commercial Bank of China to boost cooperation on markets, data and analytics, and cross-border RMB, China’s yuan. Fiona Bassett, FTSE Russell’s CEO, said the agreement could “create new opportunities,” while Zhang Weiwu expressed hopes for “concrete outcomes” linking the UK and China. The MoU was signed in Beijing on Jan. 29. (LSEG)
The company described the deal as spanning global markets, sustainable finance, and “emerging technologies,” in addition to trading, clearing, and data services. It withheld any financial details or deadlines, prompting traders to wait for future updates that might reveal concrete figures. (London South East)
On Friday, a regulatory notice revealed LSEG purchased 223,295 shares on Jan. 29 at an average price of 8,246.46 pence during its buyback, executed by Citigroup Global Markets Limited. These shares are set to be cancelled. The company also updated its total voting rights figure in line with Financial Conduct Authority disclosure rules. (Investegate)
The broader scheme, unveiled in November, permits up to £1 billion in buybacks and must wrap up by Feb. 25 at the latest. Citi operates as a “riskless principal,” purchasing shares on the market before selling them back to the company for cancellation. (Investegate)
LSEG’s move into data and post-trade enters a packed arena. Intercontinental Exchange and Deutsche Börse have been pursuing the same mix of trading, clearing, and data revenue to stabilize earnings when volatility fades.
According to the Reuters report, the FTSE 100 ended Friday up 0.5%, marking its seventh consecutive monthly rise. Bank shares and a softer pound provided the boost. (Reuters)
But a memorandum of understanding can end up gathering dust. Cross-border projects linked to China often face political hurdles, regulatory delays, or just sluggish progress—and the market quickly tires if no tangible commercial action follows.
Investors will next get a formal update on Feb. 26, when LSEG is set to release preliminary results for the year ending Dec. 31, 2025. Until that date, traders will focus on buyback announcements and any developments turning the ICBC cooperation into tangible products or trading flows. (LSEG)
