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Informa beats market forecasts
British business media group Informa said growth across all its divisions helped the company post first-half results above analyst expectations.
The company, whose publications include shipping guide Lloyd’s List, increased its interim dividend to 5p from 4.5p. Chief executive Peter Rigby said in a statement: “Whilst many global growth indicators remain a concern for a sustained economic recovery, the resilience of our publishing activities and larger events underpin our confidence around our full year outlook.” Revenues for the first half to the end of June were up 3.1 per cent organically to hit £634.8m. Adjusted operating profit rose by around 4.2 per cent to £159.1m, beating analyst forecasts.