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Until recently I did not know that FTSE 100 information and analytics firm RELX (LSE: REL) owned LexisNexis. For those who have worked at the sharp end of financial markets, the latter is a powerhouse in risk management.
I also did not know that RELX has its origins in information giant Reed Elsevier. Putting the two together, of course, explained the peculiar company name to me – d’oh!
The RELX group now has four businesses – risk, scientific, technical and medical (STM), legal, and exhibitions.
All appear to be growing strongly as the firm continues its transition into a high-margin, artificial intelligence (AI)-led business. So well, in fact, that my stock screener alerted me to the business again after its Q1 trading update.
The latest guidance
Although no specific numbers were given, the 24 April update reiterated that it sees strong growth this year in revenue,…
