LONDON (ShareCast) - (Sharecast News) - Analytics provider Relx reaffirmed its full-year guidance on Thursday, expecting to report another period of underlying growth in revenue and profits.
Relx told investors that key business trends in 2019 had remained "broadly consistent" with 2018 across its operations as it continued to focus on the organic development of "increasingly sophisticated information-based analytics and decision tools".

The FTSE 100 constituent also continued to reshape its portfolio, targeting selective acquisitions that support our organic growth strategies. Year-to-date the London-based firm has completed five acquisitions for a total consideration of £236m.

"We are confident that, by continuing to execute on our strategy, we will deliver another year of underlying growth in revenue and in adjusted operating profit, together with growth in adjusted earnings per share on a constant currency basis," the company said.

Elsewhere, Relx revealed that it had completed £250m worth of its previously announced £600m share buyback, with the remaining £350m to be deployed by the end of the year.

As of 0820 BST, Relx shares had dipped 0.058% to 1,729.50p.

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