‘A bit boring – but boring can be good’: Why RELX is set to be Britain’s next $100bn tech firm – UKTN
Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any other major company in Britain.
But RELX is fast becoming a business worth knowing about. The firm, which prides itself on its humble low profile, is on the cusp of crossing the $100bn market cap mark for the first time, which would make it only the second British tech firm to do so after chip designer Arm hit the milestone last year.
Its shares have jumped eightfold since 2010 to make it the seventh-most valuable constituent in the FTSE 100, as well as the fastest-growing of the top ten.
“The favourite thing I have in terms of looking at their track record is they do a ten-year slide every time they do results, and it has the revenue growth, the CapEx, the M&A spend and the buybacks, and they’re all just very steady,” said John Davies, TMT equity research analyst at Bloomberg Intelligence….
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