Reed Rules Out Sell-off of Operating Units

Posted by Joachim Bartels | Feb 17, 2012 | Authentication & Identification, Business Information, Exhibition Industry, Legal & Compliance, Netherlands, Reed, Tax & Accounting Solutions, United Kingdom | 0 |

Reed Elsevier saw pre-tax profits jump 23pc to £948m, helped by cost cutting and a focus on data products. Revenues were broadly flat, slipping 1pc to £6bn.

Reed Elsevier has ruled out making any major disposals after every one of its five business units grew in 2011 – the first time this has happened in four years. Reed has come under pressure from some investors to sell off its LexisNexis Legal & Professional business amid claims the division is suffering from under-investment and increasing competition.

Erik Engstrom, Reed’s chief executive, said all of the company’s major units were there to stay and that the business would only consider smaller disposals within each unit.

Source: The Telegraph

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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