Consistent growth pays off for RELX

Profits at information and analytics provider RELX surged by 16pc as it continued years of consistent growth.

In the six months to June 30, RELX said adjusted profits before tax rose 16pc to £1.1bn, while revenues grew 14pc to £3.7bn. The Anglo-dutch company, which provides legal and scientific information across more than 180 countries, said it enjoyed underlying revenue growth of 4pc.

RELX also reported a gain of 4pc in its full-year results in February, following on from five consecutive years of 3pc revenue growth. The FTSE 100 group has been boosted by the weakness of sterling since the vote to leave the EU. Its adjusted profits in euros were up 5pc.

Erik Engstrom, chief executive, said key business trends were “unchanged” as it enters the second half of 2017.