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Information group Relx proposes 3% dividend hike

Thu, 11th Feb 2021 07:15

LONDON, Feb 11 (Reuters) - European information business
provider Relx said it expected its three main divisions
covering science, legal and risk to return to pre-COVID profit
trends in 2021, enabling it to propose a 3% increase to the
dividend.

The group reported adjusted operating profit of 2.1 billion
pounds ($2.9 billion), down from last year's 2.5 billion pounds
but in line with forecasts. It said the outlook for its
exhibitions arm remained uncertain.

Its exhibitions business posted an adjusted loss of 164
million pounds in 2020, compared with a profit of 331 million
pounds the year before.
($1 = 0.7219 pounds)
(Reporting by Kate Holton; editing by Michael Holden)

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