Reed fails to exit from arms fair

<p>Exhibitions organiser Reed Elsevier today declined to give a date for exiting its arms trade fairs despite promising angry shareholders and staff last year that it would sever ties with the industry by the end of 2007, reports the Guardian.</p><p>The company&#39;s chief executive, Crispin Davis, said he didn&#39;t &quot;recall us giving any timing&quot; on a decision last June to stop organising defence shows in response to widespread pressure, including from anti-arms trade campaigners and writers at Reed Elsevier&#39;s scientific journals.<br /><br />&quot;The defence sale is proceeding fine and we will announce completion in due course,&quot; he said, reiterating that the portfolio of five shows represents only a tiny part of group turnover.<br /></p>