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The Markets
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The Markets
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Media

RELX leaves full year guidance unchanged after ditching dual Anglo-Dutch structure

The firm abandoned its dual Anglo-Dutch structure for a single parent holding company in September in a bid to simplify its corporate structure

Information and analytics company RELX PLC (LON:REL) said its outlook for the year is unchanged after underlying revenue increased 4% in the first nine months of the year with growth across all its businesses.

The firm formerly known as Reed Elsevier abandoned its dual Anglo-Dutch structure for a single parent holding company in September in a bid to simplify the business.

In the year to date, RELX has sold four assets for £28mln and bought seven assets for £943mln.

READ: RELX finds market hard to please as it simplifies corporate structure

Revenue growth in the third quarter was driven by the risk and business analytics business and the exhibitions division, which delivered underlying revenue gains of 8% and 6%, respectively.

The legal unit and scientific, technical and medical arm both generated underlying revenue growth of 2%.

RELX said it has completed £650mln of its previously announced £700mln share buyback programme and will deploy the rest by year-end.

Shares were little changed in early trading at 1,519p.

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