Informa Gains After Raising FY Revenue, Profit Guidance
1005 GMT - Informa shares rise 6% after the FTSE 100-listed business-publishing and exhibition group increased its full-year revenue and profit targets. The trading update makes 2022 forecasts look less risky and sets the scene for a possible further improvement in growth next year, Citigroup says. While the shares don't look overly cheap, they should at least be able to maintain their valuation, or even rise further, as earnings recover to pre-pandemic levels and beyond, Citi says. "We think this will settle nerves," Citi analysts say in a note. "We rate the group as a buy." (philip.waller@wsj.com)
Companies News:
John Wood Settles Enterprise Litigation Case for $115 Mln
John Wood Group PLC said Monday that it has agreed to settle a legacy lawsuit with Enterprise Products Operating LLC, paying $115 million in a single installment.
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Informa Upgrades 2022 Views Amid Accelerating Growth, China Boost
Informa PLC said on Monday that its guidance for 2022 has been raised as the group benefits from an accelerating business-to-business markets growth and improving performance in academic markets.
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Kainos 1H Pretax Profit, Revenue Rose on Strong Demand
Kainos Group PLC said Monday that its first-half pretax profit and revenue rose on robust underlying market demand and high levels of customer engagement.
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Micro Focus International Sees FY 2022 Revenue, Adjusted Ebitda Fall
Micro Focus International PLC said Monday that it expects to see a fall in fiscal 2022 revenue and adjusted earnings before interest, taxes, depreciation and amortization.
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Bank of Ireland Appoints New CEO
Bank of Ireland Group PLC said Monday that Myles O'Grady has been appointed as group chief executive officer, effective Nov. 17.
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Joules to Go Into Administration as Financing Talks Fail
Joules Group PLC said Monday that its board has decided to put its businesses into administration as discussions regarding a bridge financing proposal were unsuccessful.
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Wynnstay Expects to Report FY 2022 Performance Above Market Views
Wynnstay Group PLC said Monday that a robust performance across its core businesses means its fiscal 2022 will be ahead of market expectations, as previously announced back in September.
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Totally 1H Pretax Profit Slightly Rose as Costs Mounts
Totally PLC said Monday that pretax profit for the first half of fiscal 2023 slightly rose, in line with expectations, despite an increase in revenue as it booked higher sales costs.
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Europa Oil & Gas Swung to FY 2022 Pretax Profit on Strong Oil Price; Shares Rise
Europa Oil & Gas (Holdings) PLC shares rose on Monday after the group reported a swing to pretax profit in fiscal 2022, driven by robust oil prices and a fourfold revenue increase.
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S4 Capital 3Q Net Profit, Revenue Rose Significantly
S4 Capital PLC said Monday that its third quarter net profit rose and revenue significantly improved, as strong momentum continued despite macroeconomic disruption.
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Shanta Gold Says Chaarat, Shandong Withdraw Takeover Interest; Shares Fall
Shanta Gold Ltd. shares fell Monday after it said that takeover approaches from Chaarat Gold Holdings Ltd. and Shandong Gold Group Co. have been withdrawn.
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Quilter Chairman-Designate Glyn Barker Steps Down for Personal Reasons
Quilter PLC said Monday that Chairman-Designate Glyn Barker has stepped down for personal reasons.
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Tremor International Shares Fall After 2022 Guidance Cut
Tremor International Ltd. shares fell on Monday after the company downgraded its expectations for the full year amid a challenging backdrop in advertising demand for the remainder of the year and beyond.
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Aeorema Communications Swung to FY 2022 Pretax Profit; Reinstates Dividends
Aeorema Communications PLC said Monday that it swung to a pretax profit in fiscal 2022, while revenue more than doubled on a return of demand, and reinstated dividends.
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Cake Box 1H Pretax Profit Fell Amid Tough Trading Environment, Cost Pressures
Cake Box Holdings PLC said Monday that pretax profit for the first half of fiscal 2023 fell on year amid the challenging trading environment, cost pressures and increased investment.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
11-14-22 0531ET
