Informa earns after growing revenue, profit orientation

Informa gains after boosting fiscal year revenue, profit forecast

1005 GMT – Shares in Informa rise 6% after the FTSE 100-listed business publishing and exhibition group raised its full-year revenue and profit targets. The trade update makes forecasts for 2022 less risky and sets the stage for a possible further improvement in growth next year, says Citigroup. While equities may not look too cheap, they should at least be able to hold their valuation, if not rise further, as earnings return to pre-pandemic levels and beyond, Citi says. “We believe this will calm nerves,” Citi analysts said in a note. “We are evaluating the band as a buy.” ([email protected])

 
Companies News: 

John Wood settles corporate lawsuit for $115 million

John Wood Group PLC said on Monday it had agreed to settle a legacy lawsuit with Enterprise Products Operating LLC, paying $115 million in a single payment.

Informa Upgrades 2022 Views Amid Accelerating Growth and Accelerating China

Informa PLC said on Monday its guidance for 2022 had been raised, with the group benefiting from accelerating growth in business-to-business markets and improving performance in college markets.

Kainos first-half pre-tax profit, revenue grew on strong demand

Kainos Group PLC said on Monday its first-half profit and pre-tax revenue rose on the back of robust underlying market demand and high levels of customer engagement.

Micro Focus International Sees Lower FY2022 Revenue and Adjusted Ebitda

Micro Focus International PLC said Monday it expects lower fiscal 2022 revenue and adjusted earnings before interest, tax, depreciation and amortization.

Bank of Ireland appoints new CEO

Bank of Ireland Group PLC announced on Monday that Myles O’Grady has been appointed group chief executive, effective November 17.

Joules to enter administration as funding talks fall apart

Joules Group PLC said on Monday its board had decided to put its business into administration after talks over a bridge financing proposal fell through.

Wynnstay expects to post fiscal 2022 performance above market views

Wynnstay Group PLC said on Monday that strong performance in its core businesses means its 2022 financial year will be ahead of market expectations, as previously announced in September.

Totally 1H pre-tax profit slightly increased as costs rise

Totally PLC said on Monday that pre-tax profit for the first half of fiscal 2023 rose slightly, in line with expectations, despite an increase in revenue as it recorded higher selling costs.

Europa Oil & Gas Switches to FY2022 Pre-Tax Profit on High Oil Price; Stocks rise

Shares of Europa Oil & Gas (Holdings) PLC rose on Monday after the group reported a return to pre-tax profit in the 2022 financial year, driven by robust oil prices and a fourfold increase in revenue.

S4 Capital Q3 net profit, revenue increased significantly

S4 Capital PLC said on Monday its third-quarter net profit increased and revenue improved significantly as the strong momentum continued despite the macroeconomic turmoil.

Shanta Gold Says Chaarat, Shandong Withdraw Takeover Interest; Fall in stocks

The shares of Shanta Gold Ltd. fell on Monday after announcing that bids for Chaarat Gold Holdings Ltd. and Shandong Gold Group Co. had been withdrawn.

Quilter President-elect Glyn Barker resigns for personal reasons

Quilter PLC said on Monday that chairman-elect Glyn Barker had resigned for personal reasons.

Tremor International shares fall after 2022 forecast cut

The shares of Tremor International Ltd. fell on Monday after the company lowered its full-year expectations amid tough advertising demand for the rest of the year and beyond.

Aeorema Communications Moves to FY2022 Pre-Tax Profit; Restores dividends

Aeorema Communications PLC said on Monday it shifted to a pre-tax profit in the 2022 financial year, while revenue more than doubled on a return to demand and restored dividends.

Cake Box 1H Pretax profit fell amid tough trading environment and cost pressures

Cake Box Holdings PLC said on Monday that pretax profit for the first half of fiscal 2023 fell year on year amid a difficult business environment, cost pressures and increased capital expenditure.

 

Contact: London NewsPlus; [email protected]

(END) Dow Jones Newswire

November 14, 2022 05:31 ET (10:31 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Sallie R. Loera