Euromoney Institutional Investor (ERM) 993p Loss to date 11.4% Original entry point: Buy at £11.12, 7 October 2021 Investors should stick with Euromoney (ERM) despite a soggy recent share price performance as its recovery is coming to fruition. On March 31 the information services and events business revealed robust second quarter revenue growth. This was primarily driven by ...

Euromoney (ERM) £10.02 Loss to date: 9.9% Original entry point: Buy at £11.12, 7 October 2021 Our ‘buy’ call on media group Euromoney Institutional Investor (ERM) is off to a shaky start, but the better-than-expected set of full year results published on 18 November include reasons to stay positive. Concern over how mounting Covid cases might impact a recovery in its events ...

Shares in business information provider Euromoney (ERM), moved ahead by 1.5% to 1064p in response to full year results that were ahead of consensus estimates. This is despite the company having raised guidance ahead of the pre-close period. A confluence of factors including a turnaround within the asset management business, an improving environment for the events business, and a strong ...

The FTSE 100 slipped lower on Thursday, as miners declined and investors digested news Royal Dutch Shell (RDSB) could be hit with an exit tax in the Netherlands ahead of its move to relocating its headquarters to the UK. Early on, the blue chip benchmark traded 0.22% lower at 7,275.32 points, not helped by rising inflation as this raised the likelihood of a pre-Christmas rate rise, thereby ...

There are three reasons why shares in media group Euromoney Institutional Investor (ERM) are worth buying now. First, it is reaping the benefits from a series of bolt-on acquisitions and a rise in subscriptions from its data services. Second, this success was reflected in a recent trading update, and has provided Euromoney with the firepower to make larger acquisitions which could ...

Shares in global information services provider Euromoney (ERM) rose in response to a trading update in which the company raised its guidance for annual pre-tax profits. Shares were trading 3% higher at £10.47. The company announced that adjusted pre-tax profit for the full year ending 30 September is expected to be ‘significantly ahead of analyst expectations. This better than expected ...

Investors shrugged off a slump in first half profit at media group Euromoney Institutional Investor (ERM) to focus on strong subscription growth and a positive outlook. The shares were up 4.6% to 999p on the results. For the six months ended 31 March 2021, pre-tax profit fell 53% to £17.5 million as revenue slipped 17% to £155.5 million, with the company’s events business disrupted by the ...

London’s FTSE 100 finished Monday’s session 0.9% to the good at 6,466.42 points, rebounding after its worst week since October on positive Chinese manufacturing data and a boost from a strong Wall Street open. Silver prices rose to an eight-year high before dropping back amid suggestions the precious metal is being targeted by day traders associated with the Wallstreetbets group on ...

London’s FTSE 100 was up 1.4% at 6,495.2 points at midday on Monday as China injected fresh funds into its money market and the price of silver surged 10% to $29.49 an ounce as retail investors piled in. The precious metal has become the latest asset to be targeted by retail investors associated with the Wallstreetbets group on community platform Reddit. Shares in silver miners ...

The FTSE 100 gained 0.66% to 6,449 shortly after trading began on Monday as China injected fresh funds into its money market, while silver prices rose on expectations the precious metal is being targeted by newly empowered day traders. The FTSE’s gain comes after a strong rally in Asian markets, with Japan’s Nikkei 225 up 1.55%, the Hang Seng in Hong Kong soaring 2.15% and China’s ...

Information services and events business Euromoney (ERM) fell 4.2% to 928p on a trading update which laid bare the impact of Covid-19 on the business. The company reported a fall in revenue in the three-month period to 31 December as the pandemic-led impact on physical events outweighed a continuing strong performance from its Pricing and Data & Market Intelligence ...

London’s FTSE 100 was 1.6% lower at 6,462.1 in early dealings on ‘super Thursday’, a bumper day of reporting from some of the market’s biggest companies, with the investors awaiting further developments in the Reddit attack on hedge funds. Also weighing on investor sentiment was the spat over vaccines involving AstraZeneca (AZN), the UK and the EU. CORPORATE NEWS Alcoholic drinks ...

UK stocks opened lower on Tuesday, with the blue chip benchmark off 0.21% at 6,541.85 early on, even as Britain began rolling out a Covid-19 vaccine. Investors continued to fret that a post-Brexit trade deal won’t be hammered out before a transition period expires at the end of December. Also creating uncertainty were the continuing efforts to get a bi-partisan stimulus package away in the ...

Information services provider and events firm Euromoney Institutional Investor (ERM) gained 1.6% to £10.16 as it resumed dividend payments despite a hit to profit from the pandemic. For the 12-month period ended 30 September 2020, pre-tax profit fell 60% to £32.9 million year-on-year as revenue slipped 17% to £335.3 million. Cash conversion increased 11% to 100%. The company resumed ...

The news on 9 November of successful early trials of a coronavirus vaccine sent global markets soaring with the most beaten-down sectors like travel, leisure and hospitality, energy and banks enjoying their best daily or weekly performance in years. This has been followed by further positive news on other vaccines in development. It remains the case, however, that many of the top-performing ...

UK markets managed to dig out some positive momentum through Tuesday afternoon as investors were torn between a fresh wave of Government restrictions as Covid cases rise and signs of a tech recovery as US markets opened higher. Pubs and restaurants face 10pm curfews from Thursday, Prime Minister Boris Johnson insisted today, while millions of British workers are again being advised to work from ...

UK markets found it difficult to make headway through the morning session on Tuesday with investors spooked by a fresh wave of Government restrictions as Covid cases rise. Pubs and restaurants face 10pm curfews from Thursday, Prime Minister Boris Johnson insisted today, while millions of British workers are again being advised to work from home if possible, sparking new concerns for jobs in the ...

Investors retained their optimism following the agreement of an EU stimulus package with the FTSE 100 index rising 0.5%  to 6,291.48 by lunchtime. US futures markets suggested the strength would extend to Wall Street as investors await the latest announcements from the second quarter earnings season. Gambling firm GVC (GVC) fell 9.3% to 790.8p as it said it was 'surprised' that the UK tax ...

The FTSE 100 dipped 0.4% to 6,368 points on Thursday, dragged down by oil shares after Brent Crude prices fell 13% to $36.4 per barrel on heightened worries over a large build-up in US distillate inventories. Going in the other direction were pharma and beverage shares with AstraZeneca (AZN) up 1.7% to £87.4 and Diageo (DGE) 0.85% higher at £29.2. Asian shares rose to two-month highs with ...

Financial analysts often come in for criticism for ‘herding’ together when compiling their earnings forecasts, but when companies themselves have no idea where earnings are going to be a year from now it may be time to cut them some slack. What we know from multiple previous business cycles is that corporate margins tend to mean-revert over time. When margins are high – and they have been ...