Nick Train’s Finsbury fund slides further as AI triggers jitters Markets Nick Train’s Finsbury Growth and Income Trust (FGIT) has endured another torrid few days after being caught up in the sell-off in data and software stocks. The trust is heavily exposed to London’s leading listed software companies, all of which have faced heavy pressure since the launch of Anthropic’s legal productivity tool on Monday. At [...]
LSEG, Sage, Rightmove shares fall as Anthropic AI rattles markets Markets Shares in global software giants tumbled again on Wednesday morning as the latest AI innovation from Anthropic rattled global markets. The London Stock Exchange Group (LSEG) extended Tuesday’s losses falling near two per cent in early trading to lows of 6,774.00p before clawing back some gains. Meanwhile Rightmove led the index’s fallers, with a slump [...]
Anthropic’s new AI legal tool wipes billions off European data stocks AI Shares in Europe’s biggest data, publishing and legal software groups slumped after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close to 11 per cent, while Pearson dropped around four per cent. London [...]
RELX: FTSE 100 group’s AI tools lead strong start to 2025 April 24, 2025 RELX has kicked off 2025 with strong momentum, reaffirming its full year guidance for growth in revenue, profit, and earnings per share. The FTSE 100 group cited the rapid adoption of its generative AI-driven legal platforms, which are accelerating performance in one of the firm’s core divisions. The global analytics and decision tools provider reported [...]
Relx: revenue jumps thanks to AI demand February 13, 2025 Data group Relx has reported a seven per cent jump in revenue in 2024 as demand for its analytics and decision tools continued to grow. The information and analytics giant, which serves industries ranging from legal to risk and science sectors, saw adjusted profit rise 10 per cent to £3.2bn, while earnings per share increased [...]
RELX: Strong demand pushes up revenue for data firm October 24, 2024 Global analytics and decision tools provider RELX has reported an increase in its underlying revenue for this year, as it stood by its guidance looking at strong growth. According to a trading update to markets this morning, the London-listed firm said its underlying revenue rose by seven per cent, reaffirming its full year outlook as [...]
Relx: Data firm reports £1.5bn profit thanks to AI boost July 25, 2024 Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn thanks to demand for analytics underpinned by AI.
The Notebook: For the UK’s poorest, things are only getting worse – just look at the numbers April 30, 2024 Ian Whittaker takes the Notebook pen to write about inflation, the US's Tiktok ban, and a little bit of life advice.
Relx revenue jumps as demand for the firm’s AI tools and data analysis surges February 15, 2024 Tech group Relx's revenue surpassed £9bn in the 2023 financial year as the company benefitted from the growth of information-based analytics and decision tools.