The London Stock Exchange Group reported a 3.9% rise in income in the first quarter and said savings from integrating its $27 billion acquisition of data and analytics company Refinitiv were on target. The group completed its $27 billion takeover of Refinitiv in January, turning the 300-year-old exchange into a financial market data giant overnight, although still number two behind leader Bloomberg LP. In March, it spooked markets by saying integrating Refinitiv would cost a higher-than-expected $1 billion, sending LSE shares tumbling.
