Page 5 - Derek Mapp News Today

Investegate, Informa expects to meet annual guidance; appoints John Rishton as chair by BFN News From InvestEgate

By Reuters Staff (Adds detail on events, chairman move, background) Jan 6 (Reuters) - Events group Informa Plc on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide. Hundreds of global events organised by Informa were cancelled or postponed last year due to the COVID-19 pandemic, denting a major chunk of revenue for the firm behind shows including China Beauty Expo, Monaco Yacht Show...

The British multinational exhibitions group expects physical events to resume in 2021. Informa named John Rishton as the new chairman on Tuesday to replace Derek Mapp. Informa plc (LON: INF) said on Wednesday that its annual profit is expected to see an over 70% decline in 2020 due to the COVID-19 crisis that weighed on the industry at large. The company said that the ongoing pandemic pushed it into postponing or cancelling hundreds of global events last year, including China Beauty Expo, World...

6 January 2021 | 12:00pm StockMarketWire.com - Hopes that a Democrat trifecta of control of the White House, Senate and House of Representatives will lead to a more generous US stimulus package was driving share prices higher on Wednesday. By midday the FTSE 100 was up 2.5% to 6,778.56, its highest level since February 2020, amid projections that Democrats could secure the balance of power in the Senate based on two run-off elections in Georgia. US futures were mixed with technology stocks und...

Publishing and events company Informa is forecasting a huge drop in annual revenues and profits following the cancellation of many exhibitions worldwide due to the coronavirus. The group expects 2020 revenues will range from £1.65billion to £1.68billion compared to £2.89billion in 2019 while adjusted operating profit is expected to fall by over 70 per cent to between £250million and £270million. Its three main events-led businesses were all badly hurt by the disruption, especially in the U...

Informa trading update predicts gradual return of physical events rather than ‘full rebound’ The world’s largest exhibitions group Informa plc, in a 6 January update on trading ahead of its 2020 full-year results on 22 April 2021, has forecast a 70% drop in profit and is scheduling 90% of its physical events outside mainland China to run only from June 2021. The group acknowledged minimal major physical events activity had returned in 2020 outside of China. The group’s revenue return fo...

6 January 2021 | 09:00am StockMarketWire.com - The FTSE 100 made moderate gains this morning, continuing its strong start to 2021 as the UK undertakes its massive Covid-19 vaccine rollout. Markets also reacted to news that the Democrats were close to full control of the levers of government in the US after Senate run-off elections in the US. High-street bakery chain Greggs estimated annual losses of up to £15 million and forecast that profit would not return to pre-COVID levels until 2022 at ...

Vaccines give Informa confidence that events will return in 2021 Chief executive Stephen Carter said Informa will focus more on digital technology going forward (Informa/PA) Informa has said it has continued confidence that physical events will return through 2021 in North America and Europe. The events organiser said that the rollout of the Covid-19 vaccines was one of the things which made bosses think that people could start meeting up again for conferences. The physical events sector has co...

Provided by Dow Jones By Lina Saigol Informa plans deeper use of digital events post-pandemic Shares in Informa rose almost 2% on Wednesday, after the worlds biggest exhibition operator said that 2021 is likely to be a year of "return of physical events," as hopes of COVID-19 vaccines spark a recovery in consumer confidence. FTSE 100-listed Informa said in a trading statement (link) that it had extended the postponement for physical events outside of mainland Chin...

About Mitie Founded in 1987, Mitie is one of the UKs leading facilities management (FM) and professional services companies. We offer a range of services to Central Government and Defence, Communities (Hospitals, PFI schools and Local Authorities); and Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) to Private Sector clients in Financial Services, Manufacturing, Transport, Retail and Tel...