RELX Confirms 2018 Guidance; Acquires Four Companies for GBP668 Million
April 18 2018 - 7:20AM
Dow Jones News
By Adria Calatayud
RELX PLC (REL.LN) on Wednesday confirmed its guidance for 2018,
as it said that it has completed four acquisitions for a total
consideration of 668 million pounds ($956.6 million) since the
start of the year.
The company behind the London Book Fair and the medical journal
The Lancet said that business trends in 2018 to date have remained
consistent with 2017, and that it is confident of delivering
underlying growth in revenue and in adjusted operating profit for
the full year.
The Anglo-Dutch professional-information provider said that it
has bought shares worth GBP325 million, as part of the GBP700
million buyback program it launched earlier this year. The
remaining GBP375 million will be completed by year end, it
added.
The company also said the simplification of its dual-parent
holding structure is in progress, with completion expected in the
third quarter.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
April 18, 2018 07:05 ET (11:05 GMT)
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