Reed Elsevier see growth across the board

Shares in information solutions group Reed Elsevier rose strongly on Thursday after the firm reported decent underlying revenue and profit growth in the first half, with all five business areas contributing.

Shares in information solutions group Reed Elsevier rose strongly on Thursday after the firm reported decent underlying revenue and profit growth in the first half, with all five business areas contributing.

Revenues increased by 5% from £2,904m to £3,053m in the six months to June 30th, up 5% on an underlying basis (+3% excluding biennial event cycling), slightly ahead of the consensus estimate of £3,047m.

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