Informa Maintains Guidance After Growth in Key Segments
Informa backed its full-year guidance after it reported higher underlying revenue for the five first months of the year, reflecting continued growth in its key divisions.
The events and academic-publishing group said Tuesday that underlying revenue rose 9.3% in the first five months of the year, driven by growth in its business-to-business live events segment and academic-markets division.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Poundland responds to 'speculation' of Oxfordshire store closures
With rumours of store closures across the country, Poundland has spoken out about the "speculation" and the status of its six Oxfordshire branches. The iconic British high-street chain – that originally sold all its products at a pound – has almost 1,000 outlets across the UK and Ireland, including in Oxford, Witney, Bicester, Abingdon and Didcot. Last week, it announced it was being taken over by retail-focused investment firm Gordon Brothers who had agreed a deal worth £1 with previous owners Pepco Group. Poundland's chief executive officer Barry Williams said: 'Although, recent trading has been challenging, we have built a turnaround plan with a simplified and more focused Poundland at its heart.' The chain serves 20 million customers each year and Gordon Brothers has said it is providing up to £80 million in financing for a proposed restructuring. READ MORE: Since then, rumours have circulated that this will result in further store closures, not only further damaging high streets around the British Isles but putting 16,000 jobs at risk. Poundland at the John Allen Centre in Oxford (Image: Google Maps) The Daily Mirror reported that around 100 branches are expected to close, with some of the most recent victims being in Barrow, London, Bristol and Wales. This has put attention on the status of its six Oxfordshire outlets: Market Square, Bicester; High Street, Witney; Abingdon Shopping Centre; Orchard Street, Didcot; John Allen Centre, Oxford; and Templars Square, Oxford. Missed a copy of the Oxford Mail you wanted? Here's what to do — Oxford Mail (@TheOxfordMail) May 13, 2024 Responding to this paper, a spokesperson for the chain has clarified: 'We haven't made any announcements about store closures. 'While I appreciate there's been plenty of speculation, that ls precisely what it is – speculation.' This comes after Poundland reported revenues dropped by 6.5% to £830 million for the six months to March this year. The restructuring plan will now go to the High Court with details expected to be revealed soon.
Yahoo
22 minutes ago
- Yahoo
Grant Thornton UK bolsters FSRI division
Grant Thornton UK has promoted Jarred Erceg and Russell Simpson to the position of partner within its Financial Services Restructuring & Insolvency (FSRI) division. The firm said that the move aligns with its objective to bolster its senior leadership and broaden its expertise in the financial services arena throughout the country. Jarred Erceg possesses over 15 years of experience as a qualified insolvency practitioner, having practiced in both Australia and the UK. In his new role, he will concentrate on expanding the firm's FSRI offerings, overseeing engagements related to restructuring strategies and formal insolvency processes. Beyond his advisory responsibilities, Erceg will aid in the growth of the national team and foster relationships with clients and stakeholders, the auditing firm said in a statement. His global experience includes secondments at a prominent Australian bank's workout division and Grant Thornton's Restructuring practice in Hong Kong. Erceg said: 'It's been an incredible journey with the firm, beginning as a graduate with Grant Thornton Australia, followed by a stint with Grant Thornton Hong Kong, before joining Grant Thornton UK in 2018. 'I'm excited about the opportunities ahead and look forward to working with my fellow Partners and team to drive our firm's success and deliver for our clients.' Meanwhile, Russell Simpson has been associated with the company for 19 years as a licensed insolvency practitioner. He has managed several notable appointments, including serving as joint administrator and joint special administrator in intricate financial services scenarios. In his new capacity, he will continue to assist clients within the financial services sector, with a particular emphasis on banks, lenders, and digital assets, as well as liaising with regulators and government entities, the statement read. Simpson commented: 'I am very excited to announce my promotion to Partner at Grant Thornton UK. After 19 incredible years with this amazing firm, it's hard to put into words how proud I am to reach this milestone in my career. 'I am immensely grateful for the support from my colleagues, family, mentors, and clients who have been with me every step of the way, in particular Chris Laverty, for the opportunities that our specialist Financial Services Restructuring & Insolvency team brings.' "Grant Thornton UK bolsters FSRI division" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Washington Post
23 minutes ago
- Washington Post
Czech coalition government faces a parliamentary no-confidence vote over bitcoin scandal
PRAGUE — The Czech coalition government on Tuesday faced a parliamentary no-confidence vote over a bitcoin-related scandal. The main opposition centrist ANO (YES) movement led by populist billionaire Andrej Babiš requested the vote after the Justice Ministry accepted a donation of bitcoins and sold them for almost 1 billion Czech koruna ($47 million) earlier this year.