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The dire mortgage and loan market has hit UK and US sales at credit checking group Experian. But a strong performance by its debt collection and Latin American businesses meant 13 per cent turnover growth in the first half overall. It has also sold its French transaction processing business, but has given up trying to offload its PriceGrabber website.
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Despite management's success at focusing on growth areas, prospects look precarious and the shares, at 304p, are down 29 per cent from our sell tip (428p, 29 February). Still a sell.
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-IC-1.5.4a-prod - 31/10/2008 13:11:34 - carlos.princz
