Experian gives an upbeat outlook on credit market

CREDIT information group Experian posted a one per cent rise in first-half revenues, in line with expectations, but gave a rosier picture for the full year, saying it expects to at least maintain margins and grow profits.<br /><br />Experian, best known for running consumer credit checks for banks, has come under pressure as US and UK lenders tighten the reins on loans and borrowers shy away.<br /><br />The group said there were signs of stabilisation in the US credit market, though the picture remained weak in Britain.<br /><br />However, the firm said that continued benefits from a restructuring programme announced 18 months ago and growth in businesses like Interactive &ndash; which includes products allowing consumers to access their credit reports and prevent ID theft &ndash; more than offset the negative impact on margins from weakness in areas including its core Credit Services unit.<br />