Britain’s £72 billion under-the-radar success story: CNBC UK Exchange
This report is Ian King from this week’s CNBC’s UK stock exchange bulletin. As you can see? You can subscribe Here.
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One of the leading investment bankers in the city has recently expressed the difficulties faced by the British economy, as he saw them.
As a country, the UK argued that the rest of the world does not really do much that the rest of the world wanted to buy from us these days, except for a few honorable exceptions, including cars, luxury goods, aviation and defense components and Scotch whiskey.
In the meantime, the sectors, which Britain was once a world leader like financial services, did not really heal the global financial crisis (but even though it was added after last week. Mansion House’s speech, at least the extent to which the regulation of the post -crisis realizes the sector).
So, he asked the strong aspects that the British economy still likes? When we look at the ground, I suggested some of the largest universities in the world, a first -class life science sector, a world leader, a legal and professional services sector and the world’s largest universities.
Ironically, these sectors are customers for one of the most successful companies in the UK, which has published its half -year results on Thursday this week. And shockingly, you have the chance to have heard it.
Nevertheless, RELX is currently the seventh largest company of the FTSE-100 and is as valuable as the combined value of Tesco, Vodafone, International Airlines Group (British Airways) and Schroders with a market value of £ 71.9 billion ($ 96.8 billion).
This “the global provider of knowledge-based analytics and decision-making tools for professional and business customers” has reached the head valuation-to be traded with approximately 32 times the price earnings rate of historical gains-to provide sales and earnings growth and solid cash production.
RELX has also expanded the margin of EBITDA (interest, taxation, depreciation and pre -fire department), which is currently standing at a healthy 39.5%in the last five years. The total shareholder is the best in the FTSE-100 in the last decade.
The London -based company operates in the four largest and most profitable market segment for now.
In this photo picture, the RELX Company logo is displayed on a smartphone screen.
Stick images | LightoKet | Getty Images
The Lexisnexis Risk Solutions Business provides data and analysis services to customers in 180 countries of the world, including 85% of Fortune 500, nine of the world’s top 10 banks and 23 of the world’s top 25 insurance companies.
Next is the Amsterdam -based scientific and medical (STM) section providing analytical tools to researchers and health professionals, scientific and medical information. The third largest segment is legal: New York -based Lexisnex Legal & Professional, more than 161 billion legal and news documents and records and records of approximately 1.1 million legal professionals.
The last but not at least, but now they are exhibitions that increase sales and profits faster than any other part of the work, which can continue to lock even-Covid-19 for years.
New York Comic Con, China Medical Equipment Fair, London Book Fair and Las Vegas every year in the world’s largest jewelry industry Trade Fair is organizing various events such as JCK.
AI explosion
One of the more remarkable things about this company is where it comes.
Previously called Reed Elsevier (re -branded itself as RELX in February 2015), in 1993, in the 1970s, a British company known as one of the best journalists in the 1970s, Reed International and Elsevier, a Dutch scientific publisher, were included in the daily mirrors.
Secondly, headlines such as Whizzer and Cips and Roy of the Rover have grown to read generations of British school children.
Attentionally, at the beginning of the century, he produced about two -thirds of his income from printed products, but for the next decade he migrated to the electronic media. The printing is now only 4% of revenues.
The journey was not on the road, especially in November 2009, he replaced Ian Smith, the General Manager at the time, and only eight months after he succeeded CEO Crispin Davis, who has been going to equip his job for the digital age.
Smith’s successor Erik Engstrom has built a former Elsevier CEO with both organic and regular bolt purchases, including five last year.
In addition, he is not afraid to throw businesses from time to time. Really exciting investors are the fact that the business is seen as one of the major winners. Artificial intelligence explosion. AI began to include it in its products more than ten years ago, and AI is now buried in many.
For example, in the results of the whole year in February, Engstrom said in the risk section that more than 90% of the division revenues interactions from machine-makine.
A personnel are walking under a trade committee on 25 April 2025 at the London Stock Exchange in London, England.
Carl Court | Getty Images News | Getty Images
Legally, for the legal profession, the world’s first productive AI platform is busy publishing Lexis+AI, which it claims to be.
Similarly, at the STM, the company launched a workflow product called Sciencedirect AI, which helps researchers to instantly access the relevant copies from refereed research articles and book sections while conducting investigations.
It also helps scientific publishers struggle with integrity problems – it is increasingly more and more important in a world in which the risk of misinformation and disinformation weakens confidence in research.
All of this investment-FSE-100 is one of the top 10 expenditures in research and development, although it is traditionally considered as a publisher, it is a legitimate claim that it is one of the largest technology companies in the UK.
Nevertheless, there is also an argument that Relx should increase competition from open source warehouses such as Wolters Kluwer (scientific publishing) and competitors such as Thomson Reuters (risk and legal), especially in science, such as Arxiv and SSRN.
The corners of the academy, the quantity of money that the university libraries should pay companies such as RELX for a long time and the cost of information, which is a campaign, was organized to ensure that academicians boycotted Elsevier a few years ago.
In 2019, California Los Angeles University briefly canceled its contract with the company. All this is the definition of what RELX is still the definition of what investors call “quality compound” – this is a business that constantly reinterpreted on a high capital return.
Other examples in the FTSE-100 include another global data provider Experian and Security and Health Technology Company Halma. They are exactly the kind of businesses in which England won the world in the 21st century.
– Ian King
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In markets
British stocks continued to be suitable with investors last week. FTSE is around 100%around 100%. The index also closed on Monday on a 9,000 -point psychological record -worth threshold.
The British government borrowed £ 20.7 billion in June due to higher interest costs. Gilded yieldsHowever, it has been marginalized during the last week due to global macro economic factors such as uncertainty caused by US tariffs.
Financial Times Stock Exchange 100 Index last year’s performance.
