LSEG nears $3.5bn deal to buy credit data specialist Octus

LSEG has confirmed the acquisition of New York-based credit data specialist Octus in a deal valued at $3.5bn. This transaction is designed to significantly expand LSEG's fixed income offering and enhance services for its customers. Following the announcement of this swoop, the FTSE 100 firm has increased its profit forecast for a second time. The acquisition focuses on integrating public and private credit data to strengthen the overall capabilities of the London Stock Exchange Group.