LONDON, June 11, 2026, 10:09 BST — LSEG shares were down Thursday, with traders still questioning if the earlier AI-driven selloff is behind the stock.
LSEG was quoted at 8,902p to sell and 8,904p to buy on Hargreaves Lansdown, down 110p, or 1.22%, from the last close at 9,014p. The same HL quote page showed the FTSE 100 up 0.53%. LSEG lagged the broader UK blue chips.
LSEG shares have climbed 27% since Elliott Management’s stake was reported, Reuters said, though the stock is still down 23% from its 2025 peak. The move followed a Reuters analysis that said sentiment on LSEG has picked up since February, when concern that AI models might hurt demand for paid financial data sent software and data stocks lower.
That’s what has investors’ attention. LSEG isn’t just seen as an exchange operator anymore. The real test is whether its data and analytics arm can get clients to pay for trusted financial data inside AI tools, not just watch those tools cut into its pricing power.
LSEG’s “LSEG Everywhere” plan is supposed to help answer that. In its trading update back in April, the company said over 150 customers had connected or were moving onto its Model Context Protocol, or MCP. MCP is a server that lets AI agents use licensed LSEG data with controls. LSEG
Financials are adding support. LSEG posted record total income for the first quarter, excluding recoveries, up 9.8% on an organic constant-currency basis. That strips out currency moves and some portfolio tweaks. Markets revenue climbed 15.5%. Data & Analytics was up 5.1%.
LSEG CEO David Schwimmer said in the Q1 update, “We are confident in the outlook and the delivery of all of our financial targets for the year.” The company also guided for 2026 revenue growth at the upper half of its 6.5% to 7.5% target range. LSEG
Still, AI isn’t a straight win yet. UBS analyst Michael Werner told Reuters, “There is still a ‘show me’ story (for AI).” That’s the main stock question—just using AI doesn’t mean there’s guaranteed paid revenue. Reuters
LSEG’s valuation helps its case. Reuters said the stock trades at roughly 18 times forward earnings, putting it under Moody’s and MSCI but higher than FactSet. About 90% of 20 analysts following the name have a “buy” or “strong buy” rating, Reuters wrote. Reuters
Capital returns gave a boost. LSEG said on June 10 it picked up 387,287 shares from Goldman Sachs International on June 8 and June 9 in its ongoing buyback. Those shares will be cancelled. The company said these were the last buys for the Goldman Sachs programme announced in April.
LSEG said in a June 9 filing that its capital reduction is now effective, describing it as a technical step to boost distributable reserves for possible future dividends and buybacks. The company said this does not affect the number or nominal value of ordinary shares outstanding.
LSEG faces two risks at once. If LSEG fails to turn MCP adoption into paid growth, AI could drive customers to push harder against data prices. At the same time, UK regulators are weighing an equities “consolidated tape” that would pool stock trading data from different venues. LSEG has said a pre-trade tape could hurt market integrity if not all participants share data. The FCA is due to finalise its plan in July. LSEG
Concrete monetisation is up next. In April, Schwimmer told analysts that LSEG was working on commercial policies for MCP and planned to show the framework at half-year results. That puts focus on whether the company can get any revenue from AI usage before the FCA’s July tape decision puts more pressure on its market-data business.
