Euromoney beats forecasts

Euromoney, the financial information unit of Daily Mail & General Trust, said yesterday that it is trading in line with expectations after first-half operating profit rose 10 per cent on sales up 13 per cent.

Sales for the last six months were £168m, while adjusted operating profit was £49.8m. Analysts had expected sales of £164m and operating profit of £49m. Euromoney kept its interim dividend steady at 6.25p.