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Euromoney Institutional Investor PLC

ERM.L

Latest Trade

989.55GBp

Change

17.55(+1.81%)

Volume

9,906

Today's Range

983.00

 - 

996.00

52 Week Range

644.00

 - 

1,118.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Euromoney Institutional Investor Announces Acquisition Of The Jacobsen

Feb 2 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::EUROMONEY INSTITUTIONAL INVESTOR PLC - ANNOUNCES THE ACQUISITION OF 100% OF THE JACOBSEN, AN AGRICULTURAL PRICE REPORTING AGENCY.

Euromoney Institutional Investor Says It Acquires Jacobsen For $12.25M

Feb 1 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::EUROMONEY INS.INVPLC - ACQUISITION OF THE JACOBSEN.EUROMONEY INSTITUTIONAL INVESTOR PLC - ANNOUNCES ACQUISITION OF JACOBSEN FOR $12.25M..

Euromoney Institutional Investor Qtrly Revenue Falls

Jan 28 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::EUROMONEY INS.INVPLC - TRADING UPDATE.QUARTERLY REVENUE 78.7 MILLION STG VERSUS 99.2 MILLION STG YEAR AGO.

Euromoney Institutional Investor Announces Acquisition Of Wealthengine For $14.5 Mln

Dec 8 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::EUROMONEY INS.INVPLC - ACQUISITION OF WEALTHENGINE.EUROMONEY INSTITUTIONAL INVESTOR PLC - ANNOUNCES ACQUISITION OF WEALTHENGINE, INC. ("WEALTHENGINE") FOR $14.5M..

Euromoney Institutional Posts FY Pretax Profit of 32.9 Mln Stg

Nov 19 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::FY PRETAX PROFIT 32.9 MILLION STG VERSUS 82.9 MILLION STG YEAR AGO.FY ADJUSTED DILUTED EPS FELL 45 PERCENT TO 42.7 PENCE.EUROMONEY INSTITUTIONAL INVESTOR -DEMAND FOR PRICE REPORTING, ESSENTIAL MARKET INTELLIGENCE STRONG; GOOD VISIBILITY FOR PRICING AND DMI SUBSCRIPTIONS.

Euromoney Institutional Investor Plc Sees FY Pre-Tax Profit Ahead Of Consensus Expectations

Sept 22 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::EUROMONEY INSTITUTIONAL INVESTOR PLC - PROFIT BEFORE TAX FOR FULL YEAR ENDING 30 SEPTEMBER 2020 IS EXPECTED TO BE AHEAD OF CONSENSUS EXPECTATIONS.EUROMONEY INSTITUTIONAL INVESTOR PLC - AT H1 2020 RESULTS WE ANNOUNCED THAT WE WERE MAKING CASH SAVINGS OF £20M IN SECOND HALF OF YEAR.EUROMONEY INSTITUTIONAL INVESTOR PLC - ON TRACK TO ACHIEVE THESE SAVINGS.

Euromoney Institutional Investor Says Financial Position Remains Strong

July 21 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::9M REVENUE 255.4 MILLION STG VERSUS 295.8 MILLION STG YEAR AGO.EUROMONEY'S FINANCIAL POSITION REMAINS STRONG.

Euromoney Institutional Investor Says H1 Pretax Profit 37.4 Mln STG Versus 49.3 Mln STG

June 4 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::H1 REVENUE ROSE 1 PERCENT TO 186.3 MILLION STG.H1 PRETAX PROFIT 37.4 MILLION STG VERSUS 49.3 MILLION STG YEAR AGO.ADJUSTED OPERATING PROFIT OF £41.1M DECLINED BY 11% PRIMARILY AS A RESULT OF EVENTS CANCELLED OR POSTPONED AS A RESULT OF COVID-19.EXPECT TO MAKE NET CASH COST SAVINGS OF ABOUT £20M IN H2 OF FY WITH NET P&L COST SAVINGS OF APPROXIMATELY £7M.HY STATUTORY REVENUE 186.3 MILLION STG VERSUS 184.9 MILLION STG.TARGETING TO RETURN IRD'S NON-VOTE BOOK OF BUSINESS TO GROWTH BY END OF FY22.

Euromoney Institutional Investor Says Will Not Declare Interim Dividend Payment For FY20

April 30 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::WILL NOT DECLARE AN INTERIM DIVIDEND PAYMENT FOR FY20.BOARD WILL CONSIDER FY20 TOTAL DIVIDEND IN NOV 2020.PLACED SOME UK EMPLOYEES, MAINLY THOSE INVOLVED IN EVENTS, ON TEMPORARY FURLOUGH.TAKING ADVANTAGE OF JOB RETENTION AND WAGE SUPPORT SCHEMES IN OTHER COUNTRIES.FROM 1 MAY 2020, ALL DIRECTORS WILL TAKE TEMPORARY 25% REDUCTION IN SALARIES OR FEES.ANDREW RASHBASS, CEO, TO TAKE 40% CUT IN SALARY OR FEES.GROSS PROFIT IMPACT OF RUNNING NO EVENTS IN Q4 WOULD BE ABOUT £25M.

Euromoney Has Decided To Cancel Number Of Events & Postpone Some Until Later 2020, Due To COVID-19

March 11 (Reuters) - Euromoney Institutional Investor PLC <ERM.L>::STATEMENT REGARDING CORONAVIRUS COVID-19.IN FY19, SUBSCRIPTION REVENUE WAS 60% OF TOTAL REVENUE AND REVENUE FROM EVENTS WAS 31% OR £124M.ABOUT 34% OF FY19 EVENTS REVENUE WAS IN Q3 AND 22% IN Q4, WITH MONTHS OF JUNE AND SEPT BEING PARTICULARLY LARGE.GROUP HAS SUCCESSFULLY RUN EVENTS WITH REVENUES OF APPROXIMATELY £42M IN FIVE MONTHS ENDING FEBRUARY 2020.EUROMONEY HAS EXPERIENCED DISRUPTION ACROSS MUCH OF WORLD AS A RESULT OF COVID-19.EUROMONEY HAS NOW MADE DECISION TO CANCEL A NUMBER OF EVENTS, AND TO POSTPONE SOME UNTIL LATER IN YEAR.SO FAR, HAVE CANCELLED 25 EVENTS WITH A REVENUE IMPACT OF £3M AND POSTPONED 55 EVENTS, WITH NINE MOVING INTO FY21.ADDITIONAL FY20 REVENUE IMPACT OF £3M DUE TO CANCELATIONS & POSTPONING.OVERALL IMPACT ON FY20 OF CHANGES IS THEREFORE TO REDUCE REVENUE BY £6M.OVERALL IMPACT ON FY20 OF CHANGES TO REDUCE OPERATING PROFIT BY £5M, BEFORE OTHER MITIGATING COST SAVINGS.FINANCIAL PROFILE FOR REMAINING EVENTS FROM NOW TO END OF JUNE 2020 IS REVENUE OF APPROXIMATELY £40M.FOR REMAINING EVENTS FROM NOW TO END OF JUNE 2020, GROSS PROFIT FROM THESE EVENTS IS EXPECTED TO BE AROUND £23M.FROM NOW TO END OF JUNE 2020 LARGER EVENTS HAVE £7M OF COMMITTED COSTS ALREADY INCURRED.FROM NOW TO END OF JUNE 2020 GROSS MARGIN IMPACT OF RUNNING NO EVENTS IN THIS PERIOD WOULD BE APPROXIMATELY £30M.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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