EUROMONEY Institutional Investor posted a rise in annual revenue yesterday, citing a boost from acquisitions.

However, shares in the financial information specialist edged down 6.7 per cent to 1,224p yesterday.

The FTSE 250 firm said total revenue for the 12 months to 30 September edged up by three per cent to £401m.

However, statutory pre-tax profit plunged 72 per cent to £29.5m, with the firm blaming a non-recurring gain from a disposal in 2018.

Boss Andrew Rashbass said he saw "good momentum" with products.

(c) 2019 City A.M., source Newspaper