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Euromoney Institutional Investor PLC (ERM.L)

ERM.L on London Stock Exchange

1,160.00GBp
24 May 2017
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43,492
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1,240.00
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797.61

Latest Key Developments (Source: Significant Developments)

Euromoney Institutional Investor H1 pretax profit 15.6 million stg
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Euromoney Institutional Investor Plc ::H1 revenue 203.2 million stg.Interim dividend up 26 percent to 8.8 penceper share.H1 pretax profit 15.6 million stg."progress we are seeing gives us confidence that we will meet board's expectations for full year".Board changed its dividend policy to increase dividend to approximately 40% of adjusted earnings each year.Expect to deliver a full year performance in line with board's expectations.Outlook for commodities and banking markets is improving whereas asset management sector is now facing headwinds.Currency remains a tailwind at moment.  Full Article

Euromoney completes RISI acqusition
Thursday, 6 Apr 2017 10:45am EDT 

Euromoney Institutional Investor Plc : Acquisition .Completed acquisition of 100 pct of equity of RISI.  Full Article

Epiris announces the sale of Risi for $125 Mln
Friday, 3 Mar 2017 02:10am EST 

Electra Private Equity Plc : Epiris announces the sale of risi for $125 million .Portfolio company axio has agreed to sell risi to euromoney institutional investor plc for $125 million.  Full Article

Euromoney acquires price reporting agency RISI from Epiris for $125 mln
Friday, 3 Mar 2017 02:00am EST 

Euromoney Institutional Investor Plc : Euromoney acquires risi, a leading price reporting agency, for $125 million . Founded in 1985, risi has been part of axio group, an epiris managers' business, since 2013In calendar year 2016 risi's unaudited revenues were $29.6 million and its unaudited ebitda was $7.7 million . Risi's unaudited gross assets at december 31, 2016 were $29.8 million . On completion, euromoney will pay $125 million in cash for risi, funded from its existing revolving credit facility . Completion is subject to hart- scott-rodino approval in united states, which is expected to take approximately four weeks .Acquisition is expected to be earnings-enhancing for euromoney in its current financial year.  Full Article

Euromoney appoints David Pritchard as senior independent director
Thursday, 26 Jan 2017 02:01am EST 

Euromoney Institutional Investor Plc :Says David Pritchard was appointed by board as company's senior independent director on Jan. 25, 2017.  Full Article

Euromoney says trading largely in line with expectations
Thursday, 26 Jan 2017 02:01am EST 

Euromoney Institutional Investor Plc : Trading has continued largely in line with board's expectations as set out in preliminary results announcement . Challenging market conditions and political uncertainty have continued into Q1 of new financial year . Reported revenues for three months to December 31 increased by 6 pct .Underlying revenues, which exclude impact of currency movements and acquisitions and disposals, fell by 5 pct.  Full Article

Euromoney to buy back c.19 mln shares from Daily Mail and General Trust
Friday, 9 Dec 2016 02:00am EST 

Euromoney Institutional Investor Plc : DMGT has committed to sell c.13.0 million shares in Euromoney under placing, representing 10.2 percent of company's capital, at a price of 9.75 pounds per share. .Has also been agreed that Euromoney will acquire c.19.2 million of its own shares under buyback.  Full Article

Daily Mail publisher to raise 315 mln stg from Euromoney shares sale
Friday, 9 Dec 2016 02:00am EST 

Daily Mail And General Trust Plc : Trade date for placing will be 9 December 2016 and settlement is expected to occur on a T+2 basis on 13 December 2016 . Daily Mail and General Trust- has committed to sell, in aggregate, c.32.3 million ordinary shares in Euromoney at a price of 975 pence per share .Daily Mail and General Trust- placing to raise aggregate gross proceeds of approximately 315 million stg.  Full Article

Euromoney Institutional Investor trading in line with expectations
Thursday, 29 Sep 2016 02:00am EDT 

Euromoney Institutional Investor Plc : Financial markets have been subject to increased volatility and uncertainty following UK's Brexit vote in June . Underlying revenues for Q4 are expected to have declined by 5 pct from same period last year . Underlying subscription revenues for Q4 are expected to have increased by 2 pct . Underlying sponsorship and delegate revenues are expected to fall by 13 pct in final quarter . Group expects to announce an adjusted profit before tax. of no less than 100 million stg for year to September 30, 2016 . Trading has continued in line with board's expectations, . Reported revenues for quarter are expected to show a 2 pct increase, largely as a result of more favourable exchange rates. . Underlying advertising revenues are expected to show a decline of 8 pct for quarter .Reported total revenues for year to september 30, 2016 are expected to show a 1 pct decrease on last year.  Full Article

Euromoney appoints of John Botts as non-exec chairman
Tuesday, 12 Jul 2016 10:47am EDT 

Euromoney Institutional Investor Plc : Botts was appointed chairman on an interim basis in November 2015 .Board has made permanent appointment of John Botts as non-executive chairman of company.  Full Article

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BRIEF-Euromoney Institutional Investor H1 pretax profit 15.6 million stg

* "progress we are seeing gives us confidence that we will meet board's expectations for full year"