London Stock Exchange Group (LSEG) reported first-half total income of GBP 4.5 billion, up 8% organically. Data and analytics segment grew 5.1%, but annual subscription value growth declined to 5.8%. LSEG is competing with Bloomberg in the terminal business and expects further growth with Microsoft partnership.

LSEG’s markets division had a strong first half, driven by Tradeweb and FTSE Russell’s subscription products. Maintaining a fair value estimate of GBX 11,200 per share, Morningstar sees LSEG’s economic moat intact. Competition in data and analytics is increasing, but LSEG is holding its ground.

Read more at Morningstar: Further Acceleration of Data and Analytics Expected