Report

Update: Challenging markets persist

The backdrop for the asset management industry has been brightening, but, after a brief Q3 respite, the fixed interest and commodity sectors have continued to experience difficult trading and we have made further small forecast adjustments. Euromoney has a clear strategy building its digital assets and subscription revenues, to transform its longer-term outlook and improve the quality of its earnings. The benefits from the Delphi digital platform investment in 2014 should flow more strongly from FY16, with any banking market recovery a potential uplift to current forecasts. The share price reflects neither the quality of the proposition nor the management.
Underlying
Euromoney Institutional Investor PLC

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.

Provider
Edison Investment Research
Edison Investment Research

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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