- US consumers power growth
- Operational gearing helps profits
Credit checking company Experian (EXPN) enjoyed an excellent final quarter after a rise in US mortgage applications helped boost revenues by 7 per cent to $7.1bn (£5.63bn). This translated into a similar increase in benchmark trading profits to $1.94bn, right at the top end of market forecasts. In response, the market bid up the shares by over 6 per cent on results day.