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Reed Elsevier States its Case for Avoiding a Break-up

When results stagnate investors get restless

Speculation has mounted that the owner of New Scientist and the Lancet could break itself up, but with no plans for a carve-up the company is understood to have been stressing the logic of keeping the business together. 

The Anglo-Dutch publishing giant’s latest trading update was described as ‘reassuring’, ‘solid’ and even ‘dull but worthy’ by analysts, but shares still fell 13p to 524.5p.

Growing revenues:  CEO Erik Engstrom, said the economic uncertainty had only had a ‘marginal effect’ on results.  Underlying revenues grew 1 per cent in the nine months to September 30, 2011

Source:  Daily Mail United Kingdom

For more information see BIIA Posting on Reed Elsevier by clicking on the link

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