Source AP ©

Experian shares fall fore than 7 percent

Experian PLC hurt by the collapse of the U.S. subprime mortgage market said that its shares fell more than 7 percent.

The company also said the grim financial services market in Britain had also affected its activities, but that full year profits would be in line with expectations.

The company said sales growth in its Interactive division had flagged because of the impact of the sub-prime mortgage had affected trading in its LowerMyBills unit, whose outlook the company warned remained challenging.

Chief Financial Officer Paul Brooks added that conditions in the British financial services market were "not great."

Experian, which provides business and consumer credit information, was spun off by financial-to-retail company GUS last year.

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