After the news broke that the Senate backed an amendment which would create a ratings board overseen by the Securities and Exchange Commission, shares of Moody’s and McGraw-Hill Companies, the parent company of Standard & Poor’s, tumbled. Moody’s fell as much as 6.8 percent to $20.77, a decline of $1.52, in New York Stock Exchange composite trading. Moody’s closed at $21.70, down 2.7 percent. McGraw-Hill dropped as much as 4 percent to $28.75, before ending the day at $29.23, off 2.4 percent (May 12th 2010).
Experian’s share price rose following the announcement of preliminary results for the financial year ended March 31st, 2020. The Group reported consolidated revenues of US$3.859bn, up 2% at constant exchange rates. Flat after foreign exchange. EBIT margin from continuing activities was up 80 basis points to 24.4%. Total EBIT of US$991m, up 6% at actual exchange rates.
To sweeten the pie for investors Experian announced a dividend increase of 15% and a share buyback program of US$300m.
