Reed Elsevier eyes disposals

PUBLISHING and events group Reed Elsevier yesterday said it would accelerate plans to dispose of non-core businesses.

The FTSE 100 firm, which owns legal database LexisNexis and scientific publishing houses, said sales were up from £2.9bn to £3bn in the first half of the year, with profits increasing seven per cent to £666m.

With most of the firm’s growth coming from subscription products and events the firm is looking to sell outlets that depend on advertising, such as Hollywood magazine Variety.