Legal IssuesA class action lawsuit was filed against academic publishers, including RELX’s Elsevier, alleging anti-competitive behaviour, which could be unhelpful for sentiment.
Market RisksExhibitions has 92% non-digital revenues and is geared to the macro cycle vs. an otherwise defensive data & analytics profile.
Stock PerformanceShares continue to lag peer Wolters Kluwer, trading at a 20% discount to US peers.