The FY19 results were sound and globally in line with expectations. The group once again managed to improve its adjusted operating margin (31.6% from 31.3%) on underlying revenue rising by 4%. All in all, a satisfactory performance. RELX anticipates more or less the same positive trends over FY20e, although the Coronavirus impact on the exhibitions division is still highly uncertain. Not coming as a surprise, the Chairman of the Board Mr Habgood (74 years old) will retire once a successor is ....