Reed Elsevier sees revenues up
Reed Elsevier, the business information and data company, said the overall improvement in its trading performance seen in the first half of the year has continued into the second half.
Reed Elsevier, the business information and data company, said the overall improvement in its trading performance seen in the first half of the year has continued into the second half.
The group said underlying revenue for the nine months to the end of September grew by 1%. It added it is on track to deliver adjusted earning per share for the full year "in line with expectations".
Divisional break-down
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Elsevier, its science information arm, has seen underlying growth of 2%, LexisNexis Risk Solution, which, among other activities, provides data to the insurance industry has delivered 4% growth. The legal business, LexisNexis Legal & Professional, is up 1% although with the warning that law firms are "subdued". Reed exhibitions saw revenues decline 1%, although the firm argues this is due to cyclic effect of having less biennial exhibitions in 2011. Reed Business Information delivered growth of 1% with its Totaljobs website growing strongly.
Erik Engstrom, Reed Elsevier's chief executive officer, said the company was doing well despite a difficult macro picture: "The recent uncertainty in the macro-economic environment has had a limited impact on some of our more cyclical businesses with only a marginal effect on our overall results to date."
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about