Relx
Anyone with a typical UK tracker investment product is about to double their bet on Relx. The data group better known by its old name of Reed Elsevier is abandoning its dual company structure and changing to a single entity with a single class of share.
It won’t make much difference to the way the business operates. The group headquarters will remain in London while Elsevier, the scientific journals division, will continue to be run from Amsterdam. It will have no impact on profits.
This was a much easier decision for Relx than for that other Anglo-Dutch dual company structured business Unilever, which is agonising over where to locate its head office.
Shareholders of the Dutch company, which owns 47 per cent of the