RELX Publishes Another Solid Set of Full-Year Results
Like clockwork, narrow-moat RELX delivered another solid set of full-year results, with underlying revenue growth up 4% and EPS up 7% in constant-currency terms. Adjusting for a one-off tax benefit as a result of changes to the U.S. tax policy, these results were bang in line with our expectations. As such, we do not expect to make any material changes to our forecasts or to our fair value estimate of GBX 1,400 per share for the main London listing, other than time value of money changes. We bel...
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