[UPDATE] Analysts say RELX results show AI-led acceleration, testing the information-services disruption thesis
Deutsche Bank and UBS read the latest RELX results as evidence that AI disruption worries are overplayed, citing organic growth of about 6% at Scientific, Technical & Medical and about 10% at Legal, with management reporting no observable AI-driven disruption. The shares sit near 14.8x forward earnings against a five-year average near 24.1x after a roughly 38% fall. It is the clearest live counter-example to the blanket AI-displacement read on incumbent information and software franchises.