RELX PLC (LSE:REL) gave a bullish first-quarter update, with all four of its business segments showing positive momentum and the group said to be on track to deliver "strong" full-year growth.
The company expects "another year of strong underlying revenue and adjusted operating profit growth", with no numbers given at this stage but just a word to say that adjusted earnings per share are expected to increase on a constant currency basis.
Growth in the Risk division, which accounted for 34% of last year's revenue, continues to be driven by the group's AI-enabled analytics tools for financial crime compliance and identity fraud prevention.
The full year revenue outlook is for "strong" revenue growth, with underlying operating profit growth "slightly exceeding" this.
In Scientific, Technical & Medical (32% of last year), increased article submissions and demand for high-value decision tools were supporting solid gains, with the full-year outlook said to be for "good" underlying revenue growth with profit also slightly exceeding.
The Legal division (20%) reported strong uptake of Lexis+AI and its new generative AI assistant, Protégé, while the Exhibitions business continues to benefit from an improved event portfolio and digital initiatives. For both arms, the revenue outlook is "strong".
The shares rose 0.5% in early trading to 3,964p.