Welcome to our dedicated page for Relx Plc news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on Relx Plc stock.
News and announcements related to RELX PLC (RELX) highlight the activities of its businesses in information-based analytics, decision tools and events. RELX is described as a global provider of information-based analytics and decision tools for professional and business customers, serving customers in more than 180 countries with offices in about 40 countries. Its shares are traded on the London, Amsterdam and New York stock exchanges.
A significant portion of recent news involves LexisNexis Risk Solutions, a RELX business. These updates cover topics such as fraud and identity management awards, insurance market research, home insurance trends, property claims analytics, medical data solutions for life insurance underwriting, and studies on fraud in public benefit programs. Such news offers insight into how data and analytics are being applied to risk management, insurance, government programs and other sectors.
Other RELX-related news items feature Brightmine, a global HR and data insights provider that is part of LexisNexis Risk Solutions, and RX, the events and exhibitions organizer within RELX. Brightmine releases research on workplace dynamics and HR policy challenges, while RX announces large-scale trade shows and exhibitions across multiple industries and geographies.
Investors and observers who follow RELX news can use this page to review updates on analytics products, research reports, industry studies, event announcements and corporate developments reported by RELX businesses. Regularly reviewing these items can help readers understand how RELX-related companies are applying data, analytics and technology in their respective markets.
Cirium, a leader in aviation analytics, has expanded its decade-long partnership with Amadeus by integrating its advanced flight schedules data into the Amadeus Travel Platform. This integration aims to enhance the flight search and booking experience for travel sellers and travelers alike. Cirium's comprehensive dataset covers over 900 airlines and is designed to improve data accuracy and customer service for Amadeus clients in the travel industry. The integration is expected to unlock new market opportunities and maximize revenue while enhancing the overall travel experience.
The Cirium Fleet Forecast predicts a demand for approximately 44,500 new aircraft over the next two decades, valued at US$2.9 trillion. This includes a projected 3.6% annual growth in passenger traffic, particularly in China, which is expected to account for 19% of global deliveries by 2041. Single-aisle jets are forecasted to make up 70% of deliveries, with older models being retired. The ongoing freighter boom anticipates the supply of 3,560 freighters. The report suggests an uneven but significant recovery from the Covid-19 pandemic, aligning with a return to traditional growth paths by 2025.
Delta Air Lines has secured the Cirium Platinum Award for global operational excellence for the second consecutive year, showcasing strong on-time performance amid a challenging operational landscape.
Azul Airlines was recognized as the global leader in on-time performance, with an impressive 88.93% rating. Delta led North America at 83.63%, followed by Thai AirAsia in Asia Pacific, Oman Air in the Middle East and Africa, and Iberia in Europe.
The Cirium report highlights significant recovery challenges faced by the industry, including resource shortages.
LexisNexis Risk Solutions has enhanced its VINsights total loss solution to streamline the claims process for U.S. insurers. The upgrade integrates data on title, registered owners, loan payoffs, and state taxes to expedite settlements. With rising total loss incidents, accounting for about 25% of collisions, these enhancements aim to improve customer experiences by reducing manual processes. The partnership with LossExpress provides quicker access to lienholder payoff data, potentially serving up to 80% of total losses.
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.