LONDON STOCK EXCHANGE WELCOMES RELX GROUP
Today, the London Stock Exchange’s markets were opened by RELX Group to mark the simplification of its corporate structure and the first day of trading under a single parent company.
RELX Group is a global provider of information and analytics for professional and business customers and is a constituent of the FTSE 100 index, with a market capitalisation of £33 billion.
On 15 February 2018, RELX Group announced its dual parent holding companies RELX PLC and RELX NV would be merged into a single parent company, RELX PLC, to reduce complexity and increase transparency of the Group’s corporate structure. The combined entity will remain a constituent of the FTSE 100, AEX and Fortune Global 500 indices.
Over the past decade, RELX Group has undergone a significant transformation from a media company to leading provider of global information and analytics across four divisions: Scientific Technical & Medical, Risk & Business Analytics, Legal and Exhibitions. In 1993 most of the Group’s revenues were from print-based products (including books, newspapers and journals), and as late as 2000, 64% of revenues were print. In 2017, this figure was just 11%, and the Group now employs 8,000 technologists. During the period from 1993 to 2017, RELX Group also tripled its revenues (£2.45bn to £7.35bn), grew its profitability five-fold (£430m to £2.2bn) and increased its market capitalisation from £7bn to £33bn.
RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs about 30,000 people of whom almost half are in North America. The shares of RELX PLC, the parent company, are now traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX
For more information visit http://www.relx.group/