Source - SMW
Takeover target UBM said trading in the fourth quarter was ahead of company expectations.

The events group said it now expected to deliver adjusted underlying annual events revenue growth of at least 5%, resulting in reported total group revenues of approximately £1bn.

The adjusted operating profit margin was expected to be approximately 29% and consequently ahead of expectations.

The company said it intended to declare a final dividend of 18p per share, bringing total dividends for the year to 23.5p, a year-on-year increase of 6.8%.

At 9:17am: (LON:UBM) UBM Plc share price was +29.75p at 899.25p