*

Announces share buyback program of 1 billion pounds

*

Continues to expect organic growth of 6.5%-7.5% in 2025

income

*

H1 total income excluding recoveries up 7.8% on organic

constant

currency basis

*

Interim dividend raised 15%

(Adds CEO comment, details on results, outlook and context

paragraph 2 onwards)

July 31 (Reuters) -

The London Stock Exchange Group ( LDNXF ) on Thursday

announced a share buyback of up to 1 billion pounds ($1.33

billion) for the second half, after reporting

better-than-expected first-half profit on strong demand for its

financial data services.

The company, which operates the London Stock Exchange ( LDNXF )

and supplies data and analytics to financial institutions, has

been broadening its services to meet growing demand fuelled by

AI adoption and market volatility driven by global economic

uncertainty.

"The first half was marked by a consistent cadence of new

product launches, which we expect to continue in (the second

half)," CEO David Schwimmer said in a statement, adding that

LSEG raised its interim dividend by about 15%.

The company said annual subscription value, which indicates

recurring revenue and is closely watched by analysts, rose 5.8%

at the end of June on an organic constant currency basis.

Meanwhile, LSEG's markets division recorded growth of 10.7%

and the data and analytics business logged growth of 5.1% in the

six months ended June.

The company continues to expect organic constant currency

growth of 6.5%-7.5% in 2025 for total income, excluding

recoveries, but expects improved margins for the year.

LSEG said total income, excluding recoveries, in the first

half was 4.49 billion pounds, up 7.8% on an organic constant

currency basis. Analysts were expecting a 7.5% increase,

according to a company-compiled consensus.

Reuters provides news for LSEG's news and data terminal

Workspace.

($1 = 0.7541 pounds)