Relx Plc Stock Price, News & Analysis

LexisNexis Risk Solutions has reported a significant rise in fraud attacks, with a 155% increase in ecommerce bot attacks year-over-year. The Global State of Fraud and Identity Report highlights a 32% surge in human-initiated attacks and a 38% increase in automated bot attacks. Digital transactions soared by 37% in the same period, with mobile transactions comprising 76% of all transactions. Challenges in identity verification remain critical, impacting global businesses as fraud networks become increasingly complex.

Cirium's analysis reveals the airline industry has suffered a staggering $220 billion net loss since the pandemic began, with recent losses amounting to $42 billion in 2021 and $15 billion in the first half of 2022. Despite these challenges, the US airline sector shows signs of recovery, with Delta Air Lines returning to profitability in H1 2022 and achieving nearly pre-pandemic revenue levels. However, ongoing COVID-19 lockdowns in China hinder recovery in the Asia-Pacific region, where losses are worsening.

Cirium has launched its new Ground Events feature within the Ascend Profiles module, a first for the aviation industry. This satellite-based tracking tool allows businesses to monitor and predict aircraft maintenance events, enhancing decision-making capabilities. The feature captures critical data including aircraft maintenance history, registration, and duration of ground events. Notably, it showcases examples like Air France's cabin redesign of 15 Airbus A330s and FedEx's strategic fleet optimization during the pandemic.

LexisNexis Risk Solutions reports a 1.2% year-over-year increase in U.S. auto insurance shopping for Q3 2022, reversing a decline from the previous quarter. New policy growth rose by 3.9%, contrasted with a drop of 7.1% in Q2. This surge in shopping was largely driven by rate increases amid rising claims costs, although Hurricane Ian temporarily impacted shopping volumes, particularly in Florida where shopping fell 40% during the storm's landfall. Consumer behavior has shifted towards independent agents, indicating a trend towards comparing more carriers for better rates.

The 2022 LexisNexis® True Cost of Fraud™ Study reveals that fraud costs for U.S. financial services firms have risen to $4.23 per $1 lost, a 16.2% increase since 2020. Canadian firms experienced a 19.6% rise, costing $3.78 per $1 lost. Key concerns include increased fraud due to mobile transactions and the rise of buy now, pay later services. Banks reported the highest fraud costs, and identity verification remains a major challenge. The report highlights the complexities of modern fraud and the need for multi-layered solutions to mitigate risks.

On November 10, 2022, Jim Fitterling, CEO of Dow, was honored with the 2022 ICIS CEO of the Year Award, as voted by peers in the ICIS Top 40 Power Players. This award recognizes outstanding achievements in profitability, ESG, innovation, and success in M&A. During a virtual discussion, Fitterling highlighted Dow's focus on decarbonization and plastics recycling. The award reflects the dedication of the Dow team to innovation, customer-centricity, and sustainability. Previous winners include leaders from BASF and Saudi Aramco, emphasizing the award's significance in the chemical industry.

LexisNexis Risk Solutions released a study indicating that 80% of institutions expect an increase in fraud risk over the next 24 months. The survey, which included 326 decision-makers from sectors like financial services and retail, revealed that all types of fraud surged by an average of 37% in the past year. Digital wallet scams and phishing have notably risen. Organizations struggle with privacy concerns and poor user experiences while implementing new fraud prevention strategies. The study emphasizes the need for enhanced fraud management as digital payment methods become more prevalent.

RELX, a global provider of information-based analytics, reports a 9% underlying revenue growth for the first nine months of 2022. The company's business services and specialized industry data services posted robust growth, while exhibitions saw an impressive 85% growth year-to-date. The outlook for the full year remains optimistic with expectations of continued revenue and profit growth above historical trends.

Despite challenges, the company anticipates strong growth in adjusted earnings per share, maintaining a positive business trajectory.