LSEG Shares Plunge on Slowing Growth in Subscription Value

London Stock Exchange Group Plc shares plunged by the most in over a year as a string of customer cancellations weighed on growth in subscription value.

Annual subscription value — a key metric used to track recurring revenue — increased by 5.8% in the first half of the year, down from 6.4% growth in the same period a year earlier. Shares of the company dropped by as much as 10% before paring those losses.