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LONDON, July 29 (Reuters) - British information provider
Relx said it expected underlying revenue and profit
growth rates to be slightly above historical trends in 2021 due
to strong demand for its analytics and online identity services,
helping it to increase its dividend.
Historical growth rates for revenue have been around 3-4%.
The group said in recognition of the positive financial momentum
it was announcing an increase in the interim dividend of 5% to
14.3p. It said the long-term dividend policy was unchanged.
"Relx delivered a strong first half with underlying growth
trends across almost all market segments returning to the
improving trajectory that we saw in the early part of 2020,"
Chief Executive Erik Engstrom said.
The group reported a 4% rise in revenue at constant
currencies to 3.4 billion pounds ($4.74 billion), and an 11%
rise in adjusted operating profit to 1 billion pounds.
The results were driven by a 10% jump in revenue from its
risk division.
Relx said it did not intend to resume its buyback programme
in 2021.
($1 = 0.7175 pounds)
(Reporting by Kate Holton
Editing by William Schomberg)
Relx (REL)
