‘Quality’ move on the FTSE for Reed

Ahead of a trading statement expected this week Reed Elsevier posted a record six per cent rise on the FTSE 100 after Goldman Sachs said the stock was trading at “an extreme discount for quality assets”.

Reed shares had previously been hit by fears over falling advertising revenues and negative indications on exhibitions. However, Goldman said that such worries had been overdone and expects a trading statement issued this week to reassure investors.

Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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