REED ELSEVIER CONTINUES RECOVERY

Publishing and events giant Reed Elsevier, headed by Erik Engstrom (pictured), continued its recovery in the first-quarter, reporting growth in all its major businesses. The world’s biggest exhibitions business said annual shows held in the first-quarter grew steadily, with the trend expected to continue throughout the year. It said all its businesses showed underlying revenue growth, excluding the effect of biennial shows not taking place this year.