Reed exits arms business

<p>Reed Elsevier has finally stopped organising arms trade fairs - five months later than it promised shareholders and staff, reports the Guardian. Reed said it had sold the DSEi, ITEC and LAAD defence exhibitions to Britain&#39;s largest independent exhibitions group, Clarion Events, for an undisclosed sum.<br /><br />Clarion, which organises 80 exhibitions every year in the UK and abroad across the leisure-to-financial sector, said the deal marked its first move into defence shows. Reed&#39;s decision last June to stop organising defence shows followed a long campaign over its involvement in several defence shows, including one in London. A host of internationally renowned writers including JM Coetzee, Ian McEwan and Arabella Weir also joined the campaign, writing a public letter to coincide with the Reed-organised London Book Fair.<br /><br /><br /></p>