Latest news with #NickLuff
Daily Mail
6 days ago
- Business
- Daily Mail
Top exec at publishing giant Relx held talks with investors to ditch UK listing for New York
A senior executive at publishing giant Relx has admitted it has had conversations with investors about moving its listing to New York. But Nick Luff, chief financial officer at the £72billion group, denied there were any imminent plans to relocate. The US is one of the largest markets for a firm that provides products for lawyers, scientists, medical professionals and bankers. It also owns medical journal The Lancet and an exhibitions arm, which runs book convention Comic Con. Relx reported a pre-tax profit of £1.52billion for the first half, up from £1.45billion in 2024. Sales rose 7 per cent to £4.7billion on the back of strong demand for products that use generative AI.
Yahoo
7 days ago
- Business
- Yahoo
UK's RELX says generative AI tools will keep driving growth
By Sarah Young LONDON (Reuters) -British business information group RELX said on Thursday demand for its generative AI tools from lawyers and scientists boosted half-year profit by 9%, and it was confident on further growth as new products launch and its conference business thrives. The growth over the last 10 years of RELX, which has helped make it one of the 10 biggest companies on the London Stock Exchange, has been driven by offering AI-based tools to professional customers in the banking, insurance, law and medicine sectors. Demand for its new generative AI tools has helped sustain growth more recently, and for the first six months of the year, the group posted adjusted operating profit of 1.65 billion pounds ($2.23 billion), on revenues which were up 7% to 4.74 billion pounds. "The opportunity in front of us remains very exciting, the development of new content, new data sets, new data sources, the computing power that's available to crunch the data or analyse the data, the algorithmic techniques," CFO Nick Luff said in an interview with Reuters after the results. Those developments mean the company can keep innovating to offer customers new products which make their working more efficient. Luff highlighted its new Lexus+AI Protégé offering, which acts as a legal assistant, combining both public content and a law firm's internal content, allowing lawyers to draft and summarise in their own firm's particular style. For academics and researchers, Science Direct AI is another product which is being well-received Luff said. It enables users to become more efficient in absorbing the latest developments in their fields. Shares in RELX, which competes with Thomson Reuters, traded down 0.5% at 3,874 pence in morning deals. The stock has risen 10% over the last 12 months and 250% over the last 10 years. ($1 = 0.7383 pounds)
CNA
7 days ago
- Business
- CNA
UK's RELX says generative AI tools will keep driving growth
LONDON :British business information group RELX said on Thursday demand for its generative AI tools from lawyers and scientists boosted half-year profit by 9 per cent, and it was confident on further growth as new products launch and its conference business thrives. The growth over the last 10 years of RELX, which has helped make it one of the 10 biggest companies on the London Stock Exchange, has been driven by offering AI-based tools to professional customers in the banking, insurance, law and medicine sectors. Demand for its new generative AI tools has helped sustain growth more recently, and for the first six months of the year, the group posted adjusted operating profit of 1.65 billion pounds ($2.23 billion), on revenues which were up 7 per cent to 4.74 billion pounds. "The opportunity in front of us remains very exciting, the development of new content, new data sets, new data sources, the computing power that's available to crunch the data or analyse the data, the algorithmic techniques," CFO Nick Luff said in an interview with Reuters after the results. Those developments mean the company can keep innovating to offer customers new products which make their working more efficient. Luff highlighted its new Lexus+AI Protégé offering, which acts as a legal assistant, combining both public content and a law firm's internal content, allowing lawyers to draft and summarise in their own firm's particular style. For academics and researchers, Science Direct AI is another product which is being well-received Luff said. It enables users to become more efficient in absorbing the latest developments in their fields. Shares in RELX, which competes with Thomson Reuters, traded down 0.5 per cent at 3,874 pence in morning deals. The stock has risen 10 per cent over the last 12 months and 250 per cent over the last 10 years. ($1 = 0.7383 pounds)
Reuters
7 days ago
- Business
- Reuters
UK's RELX says generative AI tools will keep driving growth
LONDON, July 24 (Reuters) - British business information group RELX (REL.L), opens new tab said on Thursday demand for its generative AI tools from lawyers and scientists boosted half-year profit by 9%, and it was confident on further growth as new products launch and its conference business thrives. The growth over the last 10 years of RELX, which has helped make it one of the 10 biggest companies on the London Stock Exchange, has been driven by offering AI-based tools to professional customers in the banking, insurance, law and medicine sectors. Demand for its new generative AI tools has helped sustain growth more recently, and for the first six months of the year, the group posted adjusted operating profit of 1.65 billion pounds ($2.23 billion), on revenues which were up 7% to 4.74 billion pounds. "The opportunity in front of us remains very exciting, the development of new content, new data sets, new data sources, the computing power that's available to crunch the data or analyse the data, the algorithmic techniques," CFO Nick Luff said in an interview with Reuters after the results. Those developments mean the company can keep innovating to offer customers new products which make their working more efficient. Luff highlighted its new Lexus+AI Protégé offering, which acts as a legal assistant, combining both public content and a law firm's internal content, allowing lawyers to draft and summarise in their own firm's particular style. For academics and researchers, Science Direct AI is another product which is being well-received Luff said. It enables users to become more efficient in absorbing the latest developments in their fields. Shares in RELX, which competes with Thomson Reuters ( opens new tab, traded down 0.5% at 3,874 pence in morning deals. The stock has risen 10% over the last 12 months and 250% over the last 10 years. ($1 = 0.7383 pounds)
