RELX releases trading update

RELX report as follows:

• Underlying revenue growth year to date +7%
• Our improving long-term growth trajectory, with a higher quality growth profile, continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers
• We continue to develop and deploy these tools by leveraging deep customer understanding to combine leading content and data sets with powerful artificial intelligence and other technologies 

We continue to see positive momentum across the group, and we expect another year of strong underlying growth in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share on a constant currency basis

• Underlying revenue growth YTD +8%. 
• Strong growth continues to be driven across segments by our deeply embedded, AI-enabled analytics and decision tools.
• In Business Services, strong growth continues to be driven by Financial Crime Compliance and digital Fraud & Identity solutions, with strong new sales. 
• In Insurance, strong growth continues to be driven by the further extension of solution sets, positive market factors and strong new sales. 
• Full year outlook: We expect continued strong underlying revenue growth with underlying adjusted operating profit growth slightly exceeding underlying revenue growth.

• Underlying revenue growth YTD +5%. 
• Good growth, with developing momentum, continues to be driven by the evolution of the business mix towards higher growth, higher value analytics and tools, with renewals and new sales ahead of prior year across segments.
• In Databases, Tools & Electronic Reference, strong growth continues to be supported by the increasing pace of new product introductions. The recently announced next generation end-to-end AI-powered researcher solution has received very positive feedback.
• In Primary Research, good growth continues to be driven by volume growth, with article submissions growing very strongly across the portfolio.
• Full year outlook: We expect continued good underlying revenue growth with underlying adjusted operating profit growth slightly exceeding underlying revenue growth.

• Underlying revenue growth YTD +9%. 
• Strong growth continues to be driven by the shift in business mix towards higher growth, higher value legal analytics and tools. Renewals and new sales remain strong across all key segments.
• In Law Firms & Corporate Legal, double-digit growth is being driven by the continued success of Lexis+ AI, our integrated generative AI platform. Protégé, our next generation AI legal assistant, continues to see rapid growth in usage and its expansion with our most recent launch, Protégé General AI, has been very positively received.
• In Government & Academic and News & Business, good growth continues to be driven by the further extension of analytics and decision tools. 
• Full year outlook: We expect continued strong underlying revenue growth with underlying adjusted operating profit growth exceeding underlying revenue growth.

• Underlying revenue growth YTD +8%. 
• Continued strong growth reflects the improved growth profile of our event portfolio and good progress on value-enhancing digital initiatives for our customers.
• Full year outlook: We expect continued strong underlying revenue growth with an improvement in adjusted operating margin over the prior full year.

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