Just released: our 3 top income-focused stocks to consider buying in August [PREMIUM PICKS]
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Our monthly Ice Best Buys Now are designed to highlight our teamâs three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios.
âBest Buys Nowâ Pick #1:
Relx (LSE: RELX)
- The AI-driven fraud detection business has transformed Relx, with its rapid and discreet identity verification services now contributing a substantial share of the companyâs revenues.
- Identity verification and fraud detection have become essential drivers of e-commerce, evolving into a major industry in their own right â proof that in the digital economy, data is indeed the new oil.
- In its latest interim results, Relx reported a 7% increase in revenue and a 9% rise in adjusted EPS, alongside a 7% year-on-year uplift in the interim dividend to 19.5p.
- Looking ahead, Relx anticipates sustained positive momentum across the group and expects to deliver another year of strong growth in both revenue and operating profit.
- The groupâs improving long-term growth trajectory is being fuelled by an ongoing shift in its business mix towards higher-growth analytics and decision tools that deliver greater value to customers.
âBest Buys Nowâ Pick #2:
Redacted
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Should you invest £1,000 in Rolls Royce right now?
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The Motley Fool UK has recommended Relx plc.
