Experian gets credit in fight against fraud

THE fight against fraud and identity theft has lifted demand for the services provided by credit-checking company Experian.

The fight against fraud has increased demand for Experian's services

Its shares topped the FTSE 100 risers yesterday after it reported annual profits up 6 per cent to £774million on revenues up 6 per cent at £3billion.Sentiment was also helped by plans to return £322million to investors over 12 months after it lifted its dividend by 9 per cent, sending the shares up 75p to 1247p.

Advertisement
Advertisement

Experian holds credit information on 740 million people and 70 million businesses worldwide.Among the largest contributors to growth were anti-fraud and identity-theft management services.

It benefited from new territories such as Russia and Colombia but the big driver was Latin America where sales rose 21 per cent.

Get personal finance news, money saving tips and advice plus selcted offers and competitions
Invalid email Invalid email

You agree you are 18 or over. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. You can unsubscribe at any time. More Info.

Results were also boosted by a 7 per cent rise in revenues in the UK and Ireland to £563million, helped by 20 per cent growth in revenues from its online service that allows consumers to tweak their credit ratings before they apply for a loan.

It benefited from new territories such as Russia and Colombia but the big driver was Latin America where sales rose 21 per cent.

PREMIUM ARTICLES

NEWS

POLITICS

ROYAL

SHOWBIZ & TV

SPORT

FINANCE

TRAVEL

LIFE & STYLE

F1

TENNIS