Welcome to our dedicated page for RELX PLC news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on RELX PLC stock.
RELX PLC (LSE: REL, NYSE: RELX) is a British multinational information and analytics company headquartered in London, England. As a global provider of information-based analytics and decision tools, RELX caters to professional and business customers across various industries. The company's core operations span scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.
One of RELX's key business segments includes LexisNexis Risk Solutions, which recently announced the availability of LexisNexis® Flyreel® for the commercial insurance market. This advanced property survey solution utilizes AI-driven insights to help carriers assess property risk efficiently. The solution has already gained momentum in the home insurance market and is now expanding into commercial property insurance, helping carriers streamline underwriting programs through AI-enabled automation.
RELX has a significant presence in North America, generating around 60% of its revenue from the region. Europe contributes approximately 20% to the company's revenue. The company's impact extends to organizing large-scale digital and face-to-face events such as industry trade shows, exemplified by recent events like WEPACK 2024, a major packaging industry exhibition held in Shenzhen, China.
RELX continues to innovate in various fields, as highlighted by LexisNexis Risk Solutions' ranking as a leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report. Additionally, RELX's commitment to the packaging industry is evident through its organization of events like WEPACK, which showcases global packaging industry innovations.
Financially, RELX maintains a robust balance sheet, supported by its diverse and stable revenue streams. The company's ongoing projects and strategic partnerships are aimed at driving growth and maintaining its leadership position in information and analytics.
For more information, visit the RELX website.
The 2022 LexisNexis® True Cost of Fraud™ Study reveals that fraud costs for U.S. financial services firms have risen to $4.23 per $1 lost, a 16.2% increase since 2020. Canadian firms experienced a 19.6% rise, costing $3.78 per $1 lost. Key concerns include increased fraud due to mobile transactions and the rise of buy now, pay later services. Banks reported the highest fraud costs, and identity verification remains a major challenge. The report highlights the complexities of modern fraud and the need for multi-layered solutions to mitigate risks.
On November 10, 2022, Jim Fitterling, CEO of Dow, was honored with the 2022 ICIS CEO of the Year Award, as voted by peers in the ICIS Top 40 Power Players. This award recognizes outstanding achievements in profitability, ESG, innovation, and success in M&A. During a virtual discussion, Fitterling highlighted Dow's focus on decarbonization and plastics recycling. The award reflects the dedication of the Dow team to innovation, customer-centricity, and sustainability. Previous winners include leaders from BASF and Saudi Aramco, emphasizing the award's significance in the chemical industry.
LexisNexis Risk Solutions released a study indicating that 80% of institutions expect an increase in fraud risk over the next 24 months. The survey, which included 326 decision-makers from sectors like financial services and retail, revealed that all types of fraud surged by an average of 37% in the past year. Digital wallet scams and phishing have notably risen. Organizations struggle with privacy concerns and poor user experiences while implementing new fraud prevention strategies. The study emphasizes the need for enhanced fraud management as digital payment methods become more prevalent.
RELX, a global provider of information-based analytics, reports a 9% underlying revenue growth for the first nine months of 2022. The company's business services and specialized industry data services posted robust growth, while exhibitions saw an impressive 85% growth year-to-date. The outlook for the full year remains optimistic with expectations of continued revenue and profit growth above historical trends.
Despite challenges, the company anticipates strong growth in adjusted earnings per share, maintaining a positive business trajectory.
LexisNexis Risk Solutions has launched MarketView Patient Journey Intelligence, a comprehensive real-world data solution designed to enhance health outcomes research. This innovative platform utilizes referential tokenization technology to create accurate, longitudinal views of patient health, drawing from one of the largest de-identified medical claims datasets in the United States. The service facilitates the evaluation of healthcare practices and treatment pathways, addressing unmet patient needs and streamlining research processes.
Cirium has announced upgrades to its Fleets Analyzer tool, integrating CO2 emissions and satellite tracking data. This enhancement allows for a detailed overview of aircraft operations globally, with a reported 9.5% reduction in average CO2 emissions per flight in September 2022 compared to 2019. The tool boasts over 450,000 unique aircraft records and enables comprehensive analysis on supply, demand, and liquidity in the aviation sector. Major airlines like American Airlines and Virgin Atlantic have praised the accuracy of the CO2 emissions data.
LexisNexis Risk Solutions released the 2022 U.S. Home Trends Report, analyzing seven years of data from 2015 to 2021. It shows that while loss costs and frequency decreased in 2021, severity rose 7%, primarily attributed to extreme weather events. Regions like Louisiana and Texas faced the highest loss costs. The report highlights significant trends such as a 329% increase in Weather-Related Water claims and a reversal in Theft peril trends, suggesting ongoing challenges for insurers in pricing and risk assessment.
LexisNexis Risk Solutions has launched the Gravitas™ Network, a real-world data hub designed to enhance clinical research and precision medicine. Leveraging advanced tokenization technology, the network integrates high-quality, de-identified data from multiple partners, enabling researchers to address health inequities and improve health outcomes. Early adopters include Truveta and Ovation, among others. The Gravitas Token ensures precise linking of patient data, facilitating comprehensive analyses of patient journeys and informing the development of effective therapies.
FAQ
What is the current stock price of RELX PLC (RELX)?
What is the market cap of RELX PLC (RELX)?
What does RELX PLC do?
Where is RELX PLC headquartered?
What are the core business segments of RELX PLC?
What is LexisNexis Flyreel?
How much revenue does RELX generate in North America?
What recent achievements has RELX made in the packaging industry?
How did LexisNexis Risk Solutions perform in Javelin Strategy & Research's 2024 report?
What percentage of RELX's revenue comes from Europe?
What are some of the key features of LexisNexis Flyreel for commercial insurers?
Where can I find more information about RELX PLC?
