Informa (INF)

Sector:

Media

Index:

FTSE 100

NULL
   
  • Closing Price Chg:
      13.00p
  • 52 Week High: NULL
  • 52 Week Low: 640.00p
  • Currency: UK Pounds
  • Shares Issued: 1,302.86m
  • Volume: 0
  • RiskGrade: 196
  • Beta: 0.03

Ascential shares soar after £1.2bn bid from Informa

By Frank Prenesti

Date: Wednesday 24 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Publishing and exhibitions group Informa on Wednesday said it was buying rival Ascential in an agreed £1.2bn deal.
The 568p-a-share offer price represented a 53% premium to Ascential's closing price of 22 July, Informa said on Wednesday.

Shares in Ascential, which owns the famous Cannes Lions Festival - known as the 'Oscars of advertising' - surged to 564 pence in early deals, a jump of 26%.

Informa said the acquisition would lift adjusted earnings per share by at least 5% in the first full year, based on strong revenue growth along with £12m in cost savings.

It also released first-half results, with underlying operating profit growth of 18.8%, while revenue grew 11%. Annual adjusted operating profit was now tipped to be above the top of current guidance of £970m with upper estimates of £1bn.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Informa Market Data

Currency UK Pounds
Share Price NULL
Closing Price Change 13.00p
% Change 0.00 %
52 Week High NULL
52 Week Low 640.00p
Volume 0
Shares Issued 1,302.86m
Beta 0.03
RiskGrade 196

Informa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.67% below the market average84.67% below the market average84.67% below the market average84.67% below the market average84.67% below the market average
94.44% below the sector average94.44% below the sector average94.44% below the sector average94.44% below the sector average94.44% below the sector average
Price Trend
21.41% above the market average21.41% above the market average21.41% above the market average21.41% above the market average21.41% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
45.53% below the market average45.53% below the market average45.53% below the market average45.53% below the market average45.53% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Growth
90.54% above the market average90.54% above the market average90.54% above the market average90.54% above the market average90.54% above the market average
89.19% above the sector average89.19% above the sector average89.19% above the sector average89.19% above the sector average89.19% above the sector average

What The Brokers Say

Strong Buy 7
Buy 4
Neutral 0
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Informa Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Aug-25 29-May-25
Paid 19-Sep-25 11-Jul-25
Amount 7.00p 13.60p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Informa Key Personnel

CEO Stephen A Carter

Top of Page