Informa hikes revenue forecasts on hopes of trade show return Informa hikes revenue forecasts on hopes of trade show return Informa has increased its revenue forecasts for the full year as the exhibitions group struck an optimistic tone over the return of in-person events. The FTSE 100 company said it now expects to pull in revenue of £1.8bn in 2021, up from previous guidance of £1.7bn. This reflected a “progressive return” of physical events in [...]
Informa set to meet £1.7bn annual sales target as events resume Informa set to meet £1.7bn annual sales target as events resume FTSE 100 firm Informa today said it was on track to deliver its annual base goal of £1.7bn in sales as physical events returned in key markets such as the US and China. The world’s biggest event’s organiser said it expected to stay cashflow-positive as its subscription businesses grow, while the firm recovers from [...]
Informa pins hopes on exhibition return as it swings to £1.1bn loss Informa pins hopes on exhibition return as it swings to £1.1bn loss Informa today said it was hoping for a gradual return of exhibitions this year after the Covid-19 shutdown pushed the events group to a hefty loss. The FTSE 100 company swung to a £1.1bn pre-tax loss in 2020, compared to a profit of £318m the previous year. Adjusted operating profit came in at £268m, down [...]
Informa profit plunges as pandemic shutters events January 6, 2021 Events group Informa forecast a plunge in profit in 2020 as the coronavirus pandemic brought the events industry to its knees. The FTSE 100 firm, which is the world’s largest exhibitions group, said it expected adjusted operating profit in the range of £250 and £270m. This is down from £933m in 2019. Revenue is set [...]
Informa delays £400m of events due to coronavirus March 10, 2020 Informa has delayed events representing £400m in revenue until later this year as part of a strategy to cope with the outbreak of coronavirus. The figures The company said this morning that it is not providing market guidance for 2020 due to the unknown impact of coronavirus on the business. However it said it expects [...]
Yacht the hell? Lack of interest sinks new London summer boat show April 9, 2019 A new luxury yacht show set to be held at St Katharine Docks this summer has been cancelled amid waning appetite within the industry. This year’s London Yacht Show, which has promised to be "the most spectacular centrepiece of the British social calendar", has been postponed until next spring following a lack of interest in [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]