Experian (LSE:EXPN) shares fell 2% after it was revealed that its chief operating officer Craig Bounds is jumping ship to run the American online protection specialist McAfee Corp.
His departure was announced alongside robust, but largely anticipated numbers for the third quarter. Overall, revenues from the credit checking giant were up 8% in the three months ended June 30, with the UK and Ireland region the laggard with growth of just 4%.
For the year, Experian (LSE:EXPN) expects the top line to rise by 6-8% with margins to expand by up to half a percentage point.
Repeating its 'buy' recommendation, Shore Capital said: "High sustained margins drive strong cash generation and strategic flexibility in delivering shareholder value.
"Data is increasingly critical to the global economy, which is not set to change, and continues to underpin our buy stance."
In early trading, Experian was off 66p at 3,574p, knocking around £595 million from the market valuation of the business.