Operations for bosses leaves UBM rudderless BRITISH events group UBM announced yesterday it would be without its chairman and chief executive officer for at least two months, with both having taken medical leave to recover from operations. Chairman Dame Helen Alexander is currently recovering from a recent unspecified operation and is expected to return to work in March. Chief executive Tim [...]
UBM in talks for £550m takeover of US Advanstar Events and information giant UBM yesterday confirmed it is in takeover talks with US trade show organiser Advanstar, in a deal that might be worth up to $900m (£549m). UBM, which also owns PR Newswire (PRN) and has a market capitalisation of £1.5bn, said in a statement that it “notes recent market speculation concerning [...]
UBM builds up events with deal for Mexican construction show MARKETING company UBM yesterday added to its Mexican business by acquiring Expo CIHAC from the Mexican construction trade association for an undisclosed sum. Expo CIHAC attracts 30,000 attendees and generates £4m a year in revenues, UBM said yesterday. The FTSE 250 firm, which now hosts almost half of its events in emerging markets, has in [...]
De La Rue chief moves to UBM in shock departure February 25, 2014 THE CHIEF executive of bank note printer De La Rue is stepping down to take up the top role at media giant UBM, the two firms said yesterday. Tim Cobbold will leave the FTSE 250 firm on 29 March, to join UBM – a company in a different sector and twice the size by market [...]
UBM and De La Rue see shares fall after director upheaval February 25, 2014 Directorate changes are seeing shares slide this morning. Media company UBM announced this morning that Tim Cobbold has been appointed as its new chief executive, ending its five-month search for someone to replace David Levin. Shares lost almost one per cent at the open and are now down around 0.5 per cent. Roddy Davidson, analyst [...]
Hedge fund takes stake as UBM continues chief executive search January 26, 2014 HENGISTBURY Investment Partners, the hedge fund set up in 2011 by The Children’s Investment Fund former senior partner Stuart Powers, has reportedly taken a 5.2 per cent stake in UBM. The hedge fund is now the second largest investor in the events and publishing company, according to a report in The Sunday Times. UBM is [...]
UBM chief to leave for McGraw-Hill in March January 13, 2014 UBM CHIEF executive David Levin will complete his departure from the events and information group on 1 March when he takes over as chief executive of McGraw-Hill Education in New York. Following his departure, UBM chairman Dame Helen Alexander will become executive chairman until a new chief executive is chosen. “We are making very good [...]