Euromoney Institutional Investor - Result of strategic review and COVID-19 update
Euromoney has concluded that shareholder value is best served by continuing to own its Asset Management segment, following a strategic review instigated in September 2019. The focus is on bringing it back into growth, with opportunities to develop new products and leverage data already captured. It is now very unlikely that events scheduled for the group’s Q4 will take place. These are now excised from our forecasts, with a £34m top-line impact. Further cost actions are being taken and the group remains on a strong financial footing. Interims are now set for 4 June.Euromoney Institutional Investors is an international business information group. Co.'s segments are: Asset management, which provides independent research; runs networks and conferences; and provides news and data that are critical for the industry; Pricing, data & market Intelligence, which provides prices, data, analysis and events that are critical for business processes and workflow across a number of industries, such as metals and mining industries, telecoms, insurance, airline and banking; Banking & finance, which provides market intelligence, news, training and conferences; and Commodity events, which consists of conferences in the metals, agriculture and energy sectors.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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