LSEG to Return $1.24 Bln via Share Buybacks During 2024; Sets Medium-Term Targets
London Stock Exchange Group plans to return 1 billion pounds ($1.24 billion) to shareholders via buybacks over next year and has set a target to grow organic revenue mid-to-high-single digit annually, accelerating after 2024.In a statement on its website as part of its capital markets event, the stock-exchange and financial-information company said that it expects underlying earnings before interest, taxes, depreciation and amortization margin to increase over time, and for capital expenditure to fall to high-single-digit percent of revenue.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8