Growth ProspectsRELX’s STM division is expected to accelerate to 5% underlying revenue growth supported by faster growing databases and tools.
Market PositionTrade shows endure as a key B2B marketing channel, offering high ROIC potential, limited competition, and good forward visibility.
ValuationExhibitions is undervalued to the tune of c.£3bn, and analysts expect multi-year re-rating in the sum-of-the-parts as the market credits a faster, more resilient growth profile.