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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, World of Concrete and Arab Health. Mainland China resumed events since June last year, but several...
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 of Concrete, Monaco Yacht Show, and Arab Health. In a report published in September, the London-bas...
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 under pressure on fears a freer hand for the Biden administration could leave the big tech names vuln...
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 United States market, which was responsible for about 40 per cent of Informa's events revenue in 2019...