18th Apr 2018 11:44
LONDON (Alliance News) - Professional information and analytics firm RELX PLC said Tuesday it continues to expect revenue and profit growth in 2018 as it focuses on organic development.
Key business trends, the FTSE 100-listed company said, from 2017 have carried on into 2018 across the business.
RELX remains confident it will deliver "another year of underlying growth in revenue and in adjusted operating profit".
It continues to focus, it said, on the organic development of its information-based analytics and decision tools. RELX is also keeping going with a portfolio reshaping, including acquisitions, of which it has completed four so far in 2018 for a total of GBP668.0 million.
RELX has completed GBP325.0 million of its previously announced GBP700.0 million share buyback, with the rest to be completed by the end of 2018.
The company also said the simplification of its dual parent holding company is ongoing, and it aims to hold shareholder approval meetings for both parents in June, with completion expected in the third quarter of 2018.
Shares were up 0.5% Wednesday at a price of 1,511.00 pence each.
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