RELX reaffirms full-year outlook

RELX reaffirmed its full-year outlook on Wednesday, saying it will deliver another year of underlying revenue, profit and earnings growth in 2016 as it continues to executive on its strategy.

In a very brief trading update ahead of its annual general meeting, the business information and analytics group said trends in the first quarter were consistent with 2015 across its business.

“We continued to focus on organic development, with supporting acquisition activity similar to prior years, but limited completions in the year to date.”

RELX said its financial position remains strong and it has completed £225m of the previously-announced £700m share buyback, with the remaining £475m to be deployed by year-end.

At 1123 BST, shares were down 1.2% to 1,303p.