Ascential has confirmed that it is trading in line with its expectations, with the USA edition of Money20/20 held in October recording another strong performance.
Ascential is hosting a capital markets event in London this afternoon.
The event will be hosted by chief executive Duncan Painter and chief financial officer Mandy Gradden and will include presentations from key members of management covering a deep dive into MediaLink and Money20/20 as well as plans for the 2018 edition of Cannes Lions.
It said no material new information would be provided and the presentations would be available on the Ascential website from 2 p.m. today. Ascential said that last night, Cannes Lions launched the 2018 edition of the Festival to its key stakeholders and the trade press.
It said: 'This launch outlined initiatives to reinforce the core creativity purpose of the Festival particularly with young creatives; a reorganisation of award categories to better reflect the industry's current ways of working; innovations in the award entry rules to increase the variety of Lion-winning work; and a streamlining of content to allow the Festival to take place over five days.
'Furthermore, we were pleased to announce that the City of Cannes has worked with local hotels and businesses to craft attractive offers for Cannes Lions delegates.
'The response from Cannes Lions stakeholders to this refreshed format has been encouraging.
'Due to proximity of this capital markets event to the year end, Ascential today confirms that the Group is trading in line with its expectations, with the USA edition of Money20/20 held in October recording another strong performance.'
At 8:18am: (LON:ASCL) Ascential Plc share price was -2p at 359.7p