Exchange operator TMX Group (X.TO), which is in advanced talks to be acquired by the London Stock Exchange (LSE.L), swung to a fourth-quarter profit from a year-ago loss thanks to higher revenue from trading, issuer and information services. Net income at TMX, operator of the Toronto Stock Exchange, was C$49.1 million ($49.4 million), or 66 Canadian cents a share, compared with a loss of C$26.8 million, or 36 Canadian cents a share, a year earlier. Adjusted earnings were 68 Canadian cents a share, down from 82 Canadian cents for the same period last year.
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