Proactiveinvestors United Kingdom Euromoney Institutional Investor https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Euromoney Institutional Investor RSS feed en Fri, 24 May 2019 08:08:45 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Euromoney celebrates underlying growth and 'fully independent' status ]]> https://www.proactiveinvestors.co.uk/companies/news/220415/euromoney-celebrates-underlying-growth-and--fully-independent--status-220415.html Half-year earnings at Euromoney Institutional Investor PLC (LON:ERM) were down by two thirds, but this was as expected, with underlying profit before tax up 13%.

The business information and events group boasted of its new status as a “fully independent” FTSE 250 company with its own board, after former major shareholder Daily Mail & General Trust PLC (LON:DMGT) sold out of its 49% stake in April.

READ: Euromoney agrees to buy BoardEx and The Deal for US$87.3mln

Adjusted revenue for the six months to 31 March of £184.9mln was down 2% on this time last year, although up 1% at constant currency rates and would have been higher if not for “challenges” in event delegate marketing.

Forex weighed heavily on profit before tax, which at £46.1mln was 1% higher at the reported level but improved 13% on an underlying basis, as operating profit margins were maintained. Adjusted diluted earnings per share rose 2% to 34.32p.

Statutory results showed PBT plunge 59% to £49.3mln and diluted EPS tumble 68% to 32.9p, though this was predominantly due to the gain on disposal of Dealogic in December 2017.

Chief executive Andrew Rashbass said the first six months of the year saw a continuation of recent trends and further strategic progress. “We have also continued our strategic focus on embedding our businesses in the workflow of our customers,” he said, adding that the acquisition of BoardEx and The Deal in February support the transition towards a “B2B 3.0 business model”.

On the outlook, Rashbass said Euromoney was making “steady progress” towards the new business model, underpinned by underlying operating cash flows of £53.2mln.

“The UK's exit from the EU may lead to foreign exchange volatility and general business uncertainty. We continue to expect to deliver profit in line with the board's expectations.”

Euromoney shares were down 1.3% to 1,394p mid morning on Thursday.

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Thu, 16 May 2019 10:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220415/euromoney-celebrates-underlying-growth-and--fully-independent--status-220415.html
<![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190516070004_14075830/ Thu, 16 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190516070004_14075830/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190430093002_14057002/ Tue, 30 Apr 2019 09:30:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190430093002_14057002/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190429170004_14056082/ Mon, 29 Apr 2019 17:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190429170004_14056082/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190426163001_14054248/ Fri, 26 Apr 2019 16:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190426163001_14054248/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190424100244_14049930/ Wed, 24 Apr 2019 10:02:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190424100244_14049930/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190417140001_14045046/ Wed, 17 Apr 2019 14:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190417140001_14045046/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410150005_14036494/ Wed, 10 Apr 2019 15:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410150005_14036494/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410100005_14035883/ Wed, 10 Apr 2019 10:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410100005_14035883/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410093004_14035787/ Wed, 10 Apr 2019 09:30:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190410093004_14035787/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190405174527_14031469/ Fri, 05 Apr 2019 17:45:27 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190405174527_14031469/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404163001_14029707/ Thu, 04 Apr 2019 16:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404163001_14029707/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404143002_14029528/ Thu, 04 Apr 2019 14:30:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404143002_14029528/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404100002_14028942/ Thu, 04 Apr 2019 10:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190404100002_14028942/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190402133003_14025818/ Tue, 02 Apr 2019 13:30:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190402133003_14025818/ <![CDATA[RNS press release - Confirmation of Board & Committee Changes ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190402103003_14025390/ Tue, 02 Apr 2019 10:30:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190402103003_14025390/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190329093003_14021175/ Fri, 29 Mar 2019 09:30:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190329093003_14021175/ <![CDATA[RNS press release - Euromoney Institutional Investor ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190326181501_14016739/ Tue, 26 Mar 2019 18:15:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190326181501_14016739/ <![CDATA[RNS press release - Response to DMGT announcement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190326164001_14016658/ Tue, 26 Mar 2019 16:40:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190326164001_14016658/ <![CDATA[RNS press release - Euromoney Institutional Investor ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190306180004_13992980/ Wed, 06 Mar 2019 18:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190306180004_13992980/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190305173001_13991275/ Tue, 05 Mar 2019 17:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190305173001_13991275/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304153001_13989518/ Mon, 04 Mar 2019 15:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304153001_13989518/ <![CDATA[RNS press release - DMGT PROPOSED DISTRIBUTION OF EUROMONEY SHARES. ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304070006_13988220/ Mon, 04 Mar 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304070006_13988220/ <![CDATA[RNS press release - Proposed distributions: Euromoney shares and £200m ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304070003_13988150/ Mon, 04 Mar 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190304070003_13988150/ <![CDATA[RNS press release - Confirmation of Board Changes ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190301100002_13987151/ Fri, 01 Mar 2019 10:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190301100002_13987151/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190228093003_13985120/ Thu, 28 Feb 2019 09:30:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190228093003_13985120/ <![CDATA[RNS press release - Media speculation ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190225070006_13979576/ Mon, 25 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190225070006_13979576/ <![CDATA[RNS press release - Completion of Acquisition of BoardEx and The Deal ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190214075432_13969235/ Thu, 14 Feb 2019 07:54:32 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190214075432_13969235/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190206093004_13960136/ Wed, 06 Feb 2019 09:30:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190206093004_13960136/ <![CDATA[RNS press release - Application for Additional Block Listing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201152502_13955953/ Fri, 01 Feb 2019 15:25:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201152502_13955953/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201151501_13955931/ Fri, 01 Feb 2019 15:15:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201151501_13955931/ <![CDATA[RNS press release - Appointment of Joint Corporate Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201070003_13954562/ Fri, 01 Feb 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201070003_13954562/ <![CDATA[RNS press release - AGM Trading Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201070002_13954497/ Fri, 01 Feb 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190201070002_13954497/ <![CDATA[RNS press release - Appointment of Chairman ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190131141502_13953983/ Thu, 31 Jan 2019 14:15:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190131141502_13953983/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190131093001_13953394/ Thu, 31 Jan 2019 09:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190131093001_13953394/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190109161900_13929398/ Wed, 09 Jan 2019 16:19:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20190109161900_13929398/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181231090001_13919049/ Mon, 31 Dec 2018 09:00:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181231090001_13919049/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181221163551_13913945/ Fri, 21 Dec 2018 16:35:51 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181221163551_13913945/ <![CDATA[RNS press release - Annual Report & Accounts 2018 and AGM 2019 ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181220152652_13911998/ Thu, 20 Dec 2018 15:26:52 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181220152652_13911998/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219181049_13910408/ Wed, 19 Dec 2018 18:10:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219181049_13910408/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219175907_13910400/ Wed, 19 Dec 2018 17:59:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219175907_13910400/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219175047_13910399/ Wed, 19 Dec 2018 17:50:47 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181219175047_13910399/ <![CDATA[News - Euromoney agrees to buy BoardEx and The Deal for US$87.3mln ]]> https://www.proactiveinvestors.co.uk/companies/news/210644/euromoney-agrees-to-buy-boardex-and-the-deal-for-us873mln-210644.html Euromoney Institutional Investor PLC (LON:ERM) has agreed to acquire BoardEx and The Deal, from parent company TheStreet, for US$87.3mln.

BoardEx is an executive profiling and relationship mapping platform, while The Deal is a trusted source of data, news and intelligence on mergers and acquisitions, activist investing, private equity and restructuring.

READ: Euromoney's profit rise, re-jigs research arm

Euromoney said the combined products had a consistent track record of growth in revenue and earnings over recent years which it expects to continue. In the year to 30 September 2018, The Deal’s unaudited revenue was US$25.2mln.

Approval by TheStreet’s shareholders is expected to take place during the first quarter of 2019, Euromoney said.

“I am excited by the acquisition of BoardEx and The Deal, which brings two additional high-quality assets into Euromoney's portfolio and supports our transition towards a next generation 3.0 business model,' Euromoney’s CEO Andrew Rashbass said in a statement.

“The businesses are perfectly placed to grow further under Euromoney ownership, with the group's existing data expected to enhance the BoardEx platform. We look forward to working with the management team and our new colleagues around the world to develop these leading brands and take advantage of the compelling growth opportunities they offer.”

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Thu, 06 Dec 2018 07:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210644/euromoney-agrees-to-buy-boardex-and-the-deal-for-us873mln-210644.html
<![CDATA[RNS press release - ACQUISITION OF BOARDEX AND THE DEAL ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181206070008_13893358/ Thu, 06 Dec 2018 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181206070008_13893358/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181126114049_13880323/ Mon, 26 Nov 2018 11:40:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181126114049_13880323/ <![CDATA[News - Euromoney's profit rise, re-jigs research arm ]]> https://www.proactiveinvestors.co.uk/companies/news/209758/euromoney-s-profit-rise-re-jigs-research-arm-209758.html Euromoney Institutional Investor PLC (LON:ERM) has restructured its investment research business after a tough year for the division.

Sales in asset management, the largest of the financial information group’s divisions, dropped 4% to £151mln.

READ: Euromoney acquires Extel survey business from WeConvene for an undisclosed sum

A review of this business has taken out £7mln of costs out said Euromoney, while Institutional Investor is now largely a subscription, events and research operation.

Group sales rose by 3% £387mln as data and events made up for the asset shortfall, though Euromoney said generating the same revenue from events this year will be a challenge.

Underlying profits rose 3% to £109.2mln, though pre-tax profits were bolstered by the sale of Global Market Intelligence in April for £91mln and the absence of one-offs,

The dividend for the year rises 6% to 32.5p though the final payment was only increased by 2%.

Shares rose 2% to 1,248p.

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Thu, 22 Nov 2018 09:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209758/euromoney-s-profit-rise-re-jigs-research-arm-209758.html
<![CDATA[RNS press release - Preliminary Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181122070018_13876317/ Thu, 22 Nov 2018 07:00:18 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181122070018_13876317/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181101095413_13851147/ Thu, 01 Nov 2018 09:54:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181101095413_13851147/ <![CDATA[RNS press release - Sale of Mining Indaba ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181023121543_13839253/ Tue, 23 Oct 2018 12:15:43 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181023121543_13839253/ <![CDATA[RNS press release - Sale of Mining Indaba ]]> https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181003070005_13814029/ Wed, 03 Oct 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3703/LSE20181003070005_13814029/