Reed Elsevier sells part of RBI

<div>Reed Elsevier has agreed to sell a small part of the RBI trade-magazines unit&nbsp;&ndash;&nbsp;whose sale it scrapped last year &ndash; to entrepreneur Clive Jacobs for an undisclosed sum. The travel-publishing division comprises Travel Weekly, Travolution, and associated online services and events, and accounts for about 1 per cent of RBI's revenues, which were &pound;1.244bn last year.</div>