London, Feb 11, 2026, 08:31 (GMT) — Regular session
RELX shares slipped around 3% early Wednesday in London, clinging to levels just above their 52-week low as the market braced for the group’s annual numbers. By 08:30 GMT, the stock was quoting at 2,078 pence, down from Tuesday’s 2,146 close, after hitting a session bottom at 2,071. The U.S. ADR was recently off about 0.6%, last seen at $29.29. 1
The FTSE 100 constituent is set to release its full-year results for the period ending Dec. 31, 2025, this Thursday—a date that’s gained significance following a rocky kickoff to 2026 for data and software stocks tagged as “AI-exposed.” 2
RELX and Thomson Reuters have each dropped about a third since late 2025, according to a Reuters Breakingviews piece out Wednesday, with investors wrestling to gauge how rapidly advancing AI might hit pricing power and future growth. 3
Some investors now say the selloff has gone too far, at least for the moment. In a note this week, JPMorgan strategists under Dubravko Lakos-Bujas argued that “the market is pricing in worst-case AI disruption scenarios” that probably won’t play out in the next three to six months. Morgan Stanley’s Katy Huberty described the recent swings in valuations as “sentiment-driven, not fundamental.” 4
Capital keeps pouring into the AI startups. Blackstone is dialing up its investment in Anthropic, taking its stake to roughly $1 billion and pegging the company’s valuation near $350 billion, according to a source cited by Reuters. That’s a stark reminder of the gulf between the price tags for AI upstarts and the more established firms they’re now threatening. 5
London’s tone has felt turbulent lately. On Tuesday, the FTSE 100 eased 0.3%, weighed by BP and Standard Chartered. Investors remain on edge, watching for signs that AI might disrupt high-margin subscription plays across the board. 6
RELX heads into Thursday with investors zeroing in on a handful of essentials: the resilience of its core subscription business, pricing power, and any signals on capital deployment as the market backdrop softens. Guidance is carrying extra weight this time.
Investors want specifics on how RELX is weaving AI into its products—without exposing the underlying data. It might sound vague, but for the market, this is about the numbers.
There’s a catch: strong numbers might not be enough if executives flag bigger spending, drawn-out renewals, or sales slowdowns. If that’s the message, investors could decide the company’s doing okay—just not okay enough to justify its old valuation.
Investors won’t have to wait long: RELX is due to report 2025 results on Feb. 12, with guidance on 2026 trading and capital returns also on the agenda. 7
