According to a report by the Financial Times, shares in Experian fell 18½p to 616½p after the company disclosed that its main business of performing credit checks in developed markets put a lid on revenue improvement in the six months to the end of March.  Paul Brooks, finance director, said that clients were “beginning to come out of their shells” in North America but he remained cautious about business in Experian’s domestic markets.

Experian blamed a lack of available credit and consolidation in the financial services sector for a 7 per cent fall in organic revenue at its main credit services operations in the UK and Ireland.  Mr. Brooks added: “Throughout the recession we’ve seen it [the UK] lagging [North America] by about six months,” he said. “The general sentiment is beginning to feel a bit more positive. It’s not yet showing through on the numbers but we think things are beginning to turn.”  A strong performance in Latin America – the star performer during the past 18 months – helped total group revenue increase 3 per cent during the company’s second half, assuming exchange rates remained constant.   Source:  Financial Times and Experian Press Release

BIIA Newsletter May I – 2010 Issue