Reed Elsevier says it is on track

Anglo-Dutch publishing and events group Reed Elsevier has posted a one per cent rise in underlying sales for the first nine months of the year and said macroeconomic uncertainty had only a marginal effect on its results. Each of its five business areas showed underlying growth, excluding the effect of trade shows that happen every two years, with its LexisNexis legal products holding up well as demand from law firms remained subdued but stable. Reed Elsevier, whose world-leading trade shows include the London Book Fair and Aluminium China, has been making aggressive investments in legal products, where it competes with Thomson Reuters and Wolters Kluwer.