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ALEX BRUMMER: Is Big Tech putting profits ahead of the safety of humankind?
Relx has quietly climbed into the FTSE top ten and is now valued at £54 billion. Gateshead-based small business software outfit Sage is up 52 per cent and worth £12 billion. Both companies are early adopters of artificial intelligence.
FTSE 100 star Relx turns £1,000 into more than £35,000 Relx is a £54 billion company and one of the few to have been a member of the Footsie since its inception in 1984. It is better known by its previous name, Reed Elsevier, which came into being in 1993 when British trade magazine and book publisher merged with Dutch scientific publisher Elsevier.
Move to AI provides winning formula for Relx Relx published more than 150,000 articles last year on that basis. This is only a small part of Relx’s scientific, technical and medical division.
British information provider Relx on track for growth Relx says it is on track to meet forecasts for profit and revenue to remain above historical trends in 2023. Underlying revenue growth of 8% in the year to date. Shares in Relx are up 26% this year.
Relx, the owner of LexisNexis, tries to keep the AI bots from plundering its valuable legal data The generative AI boom has sparked a race to collect data for model training. That's put pressure on companies with high-quality, proprietary information. Relx, the owner of LexisNexis, recently warned customers about sharing its legal data.
FTSE 100 at record high on positive Centrica, StanChart earnings FTSE 100 hits record high, trading above 8,000 points. Centrica, StanChart, Relx jump on upbeat results.Vodafone rises on report of looking at options for Africa unit.
FTSE 100 hits fresh record-high on positive Centrica,... British gas owner Centrica jumped to the top of the FTSE 100, gaining 4.6%. Standard Chartered rose 2.9% after reporting a 28% rise in annual pretax profit. European information provider Relx gained 3.8% after better-than-expected 10% rise.
Relx sees AI driving growth as shares hit new high Relx forecast another year of strong growth in 2023, sending its shares to an all-time high. All four of its divisions - legal, risk, science and exhibitions - grew strongly in 2022. Relx reported a 9 per cent rise in revenue growth to 8.55 billion pounds.
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