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    George Webb

    Research Analyst at Morgan Stanley

    George Webb is an Executive Director and Equity Analyst at Morgan Stanley, focusing on European media and information services companies. He covers a range of high-profile firms including RELX plc, Springer Nature, and Wolters Kluwer, delivering actionable investment recommendations and maintaining a strong record of buy ratings, such as a notable price target of 30.90 EUR on Springer Nature and p4,520.00 on RELX plc. Webb has been with Morgan Stanley since at least 2021 and is a recognized voice in the sector, regularly cited in industry coverage and investor-facing reports. He holds relevant professional credentials and is registered with appropriate regulatory bodies for securities analysis in the United Kingdom.

    George Webb's questions to RELX (RELX) leadership

    George Webb's questions to RELX (RELX) leadership • H1 2025

    Question

    George Webb of Morgan Stanley inquired about the monetization strategy for co-created products with Harvey, the relative decline of print revenue in STM versus Legal, demand patterns from the US government, and full-year margin expectations for the Exhibitions segment.

    Answer

    CEO Erik Engstrom described the Harvey collaboration as an exploratory pilot for specific use cases, with the commercial model still being developed. CFO Nick Luff noted that while the print decline affected both STM and Legal, the focus remains on retaining profit, not the revenue line which can have step-downs. Engstrom added that demand from the US government has remained consistent. Luff guided for a 'decent improvement' in full-year Exhibitions margin, though lower than H1 due to normal seasonality.

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    George Webb's questions to RELX (RELX) leadership • H1 2025

    Question

    George Webb of Morgan Stanley inquired about the monetization strategy for co-created products with Harvey, the relative magnitude of the print revenue decline between the STM and Legal segments, and any notable shifts in demand from the US government. He also asked for more color on the full-year Exhibitions margin outlook.

    Answer

    CEO Erik Engstrom described the Harvey collaboration as an exploratory pilot on specific use cases, with the monetization model yet to be finalized. CFO Nick Luff noted the print decline affected both STM and Legal, with a slightly larger effect in STM for the period. Engstrom confirmed that demand from US government clients has remained consistent with prior years. Luff added that while H1 Exhibitions margin was strong, the full-year margin will be seasonally lower but still show a decent improvement over the prior year.

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    George Webb's questions to RELX (RELX) leadership • H1 2025

    Question

    George Webb of Morgan Stanley inquired about the monetization strategy for co-created products with Harvey, whether the print revenue decline was similar across STM and Legal, and if there were any notable shifts in demand from the US government. He also asked for full-year margin guidance for the Exhibitions segment.

    Answer

    CEO Erik Engstrom described the Harvey collaboration as an exploratory pilot for specific use cases, with the commercial model still being developed. CFO Nick Luff noted the print reduction affected both STM and Legal, with a slightly larger effect in STM for the period. Engstrom confirmed that demand from the US government has remained consistent. Luff guided that the full-year Exhibitions margin would see a 'decent improvement', though less than H1's gain due to seasonality.

    Ask Fintool Equity Research AI

    George Webb's questions to RELX (RELX) leadership • H1 2025

    Question

    George Webb of Morgan Stanley inquired about the monetization strategy for co-created products with Harvey, the relative print decline across STM and Legal, any demand shifts from the US government, and guidance on the full-year Exhibitions margin.

    Answer

    CEO Erik Engstrom described the Harvey collaboration as an exploratory pilot for specific use cases, with no monetization model declared yet. He also noted that US government demand has been consistent with prior years. CFO Nick Luff added that the print decline affected both STM and Legal, and guided that full-year Exhibitions margins would see a decent improvement but would be seasonally lower than H1.

    Ask Fintool Equity Research AI