• Reuters

    LSEG reports first quarter growth in line with plans

    The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans, and products from its partnership with Microsoft were due to be rolled out in the first half of 2024. LSEG said total income, excluding recoveries, in the first quarter was 2.089 billion pounds ($2.61 billion), with gross profit of 1.893 billion pounds. Analysts' consensus compiled by LSEG forecast total income at 2.088 billion pounds, and gross profit at 1.888 billion pounds.

  • Associated Press Finance

    Stock market today: Asian benchmarks mostly slide as investors focus on earnings

    Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the “Magnificent Seven.” Japan's benchmark Nikkei 225 slid 2.1% to 37,670.50. Hong Kong's Hang Seng gained nearly 0.1% to 17,215.51, while the Shanghai Composite was virtually unchanged at 3,044.41.

  • Reuters

    Mining stoppage adds to Eramet's New Caledonia woes

    Eramet subsidiary SLN's nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output. SLN is part of a struggling New Caledonian nickel industry that the French government is trying to salvage with a proposed rescue package. Mining production at SLN was 1.0 million wet metric tons in the first quarter, down 32% from the same period last year, as issues over mining permits weighed on output.