- Double-digit profit increase
- Events arm recovery
Data giant Relx (REL) intends to buy back £1bn of shares in 2024, after boosting its adjusted operating profit by 13 per cent to £3bn in 2023. It has also proposed increasing its full-year dividend by 8 per cent 58.8p per share.
Relx achieved steady sales and profit growth across all of its divisions last year. ‘Risk’, which helps companies prevent fraud, increased sales and adjusted operating profit by 8 per cent. Progress was slightly slower in the scientific and legal divisions, but in line with consensus.