Informa says North America recovery is key as losses top £1bn
“The extent of any further revenue growth will be dependent on the pace and scale of return of physical events outside of Mainland China,” it said
Company
Informa PLC
LON:INF
Informa PLC is a provider of specialist information to the academic and scientific, professional and commercial communities globally through publishing, events and performance improvement (PI). The company is organised into three operating divisions: Academic and Scientific, Professional and Commercial. The Academic and Scientific division provides a portfolio of publications, events and data services for academic and commercial users in the scientific, technical and medical areas, and humanities and social sciences areas. The Professional division includes financial data analysis, PI, diagnostics and customized training for corporate and government organizations, and finance, insurance, law and tax based in the United Kingdom and Holland. The Commercial division provides print, electronic, and consultancy services and events to the telecoms and media markets, and the maritime and commodities industries.
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Informa plans deeper use of digital events even when pandemic abates
The events and business information group revealed full-year sales and profits in line with its earlier guidance
Informa downgraded to hold as Berenberg says expected rebound in events industry now priced in
The broker assumed that the exhibitions group could achieve pre-coronavirus profitability in the events business "by 2023"
Informa 'on track' to be cash-positive in 2021 even if no physical events
The exhibitions organiser reoported “continuing strength” in digital subscriptions, with growth across virtual events and media brands, and re-opening of physical events in parts of Asia
Informa crashes to £740mln loss due to events industry disruption
The board has extended its COVID-19 ‘action plan’, extending the postponement programme to mid-to-late spring 2021, more cost savings and strengthening the balance sheet
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Other updates and results are expected in the coming week from Informa, SSP, Cineworld, DFS and PZ Cussons
Informa weak as JPMorgan Cazenove downgrades to ‘neutral’ from ‘overnight’ ahead of interim results due on September 21
"We have previously seen Informa as an attractive recovery play and long-term structural growth story. However, from here we have doubts"
Builders and building materials
Informa knocked to neutral, Pearson and Relx preferred as Goldman highlights education as attractive end market
The investment bank highlighted increased education spending in emerging markets and a “rise in mid-career upskilling/reskilling” as key growth trends in the sector
Informa to restart events in China in July but recovery will be gradual
Over 160 events were cancelled or postponed to next year while 300 went digital
Listed companies should 'protect' smaller investors in coronavirus fundraisings - open letter
“UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings”
Informa dumps dividend and launches £1bn fundraising as virus crushes events arm
Over 400 events, representing roughly £460mln of revenue, have had to be rescheduled
Informa postpones or cancels over 120 events due to coronavirus
“We have used our strong customer and supplier relationships to swiftly deploy a material postponement programme, shifting our events calendar to later dates in 2020”
Archive
FTSE 100 closes in red as hopes of a positive finish are dashed
Britain's blue-chip benchmark closed down around five points at 5,960 on Tuesday. Sterling was down 1.36% against the US dollar.
Coronavirus looms over Informa's events horizon; financial pair also in focus
Tuesday's agenda also includes results from Standard Life Aberdeen and M&G
Informa hit by Deutsche downgrade on events postponement concerns
The analysts said they “have found an increasing number of shows being postponed”
Coronavirus cancellations “could have a knock-on effect into 2021” for events sector
Ahead of results from Informa, analysts at Citigroup worry that in contrast to other segments of media, the disruption on events could be “significant” and “have a knock-on effect into 2021”
Informa "well placed" to consolidate global events market, says Shore Capital as it upgrades to 'buy'
The City broker's analysts upgraded the stock to 'buy' from 'hold', and set a target price of 775p
Informa confident ahead of key trading months
The events and publishing giant said it expects 2019 revenue to be 3.5% higher than last year, ahead of the two key months of November and December
Revenue and profits soar at events giant Informa following UBM merger
Last summer’s tie-up with UBM created a £10bn events giant, and the businesses seem to have bedded in nicely so far
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FTSE 100 closes in red as mining stocks weigh
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