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  "documentTitle": "LSE | Investor Presentation Deck | 41 slides",
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  "authorName": "London Stock Exchange Group",
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  "presentationDate": "2020-03-01 00:00:00",
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  "notes": "Includes IFRS 16 impact on depreciation.",
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      "text": "Depreciation (£m) 2018-2020 est",
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      "text": "Depreciation: Expect c.£235m in 2020 (IFRS 16 Leases - 2020 impact c.£29m). Tax rate: Reported tax rate 2019: 23.7%. Expect 22% - 23% for 2020",
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      "text": "Growth: Continued investment for growth and efficiency- will drive depreciation. Efficiency: £30m cost reduction previously announced Q1 2019. Resilience: Ongoing investment in technology. Cost discipline: Focus on control of Operating expenses across Group",
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