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 ...

London’s FTSE 100 rallied 46.6 points to 7,373.4 on Monday as claims the US and China are ‘very close’ to a trade deal sent global markets higher. Restaurant Group (RTN) fell 3.8% to 140.5p after delivering an update to bondholders on second-quarter trading at Wagamama. Turnover rose by 11% to £93.5m thanks to the opening of six new sites and as delivery kitchen with the US showing ...

Euromoney (ERM) £13.78  Gain to date: 17.6% Original entry price: Buy at £11.72, 20 December 2018 A year-end trading update has provided a timely reminder of why we are positive on media group Euromoney (ERM). On 5 November the company said full-year results would be slightly above its previous expectations, driven by growth in its pricing, data and market intelligence ...

After a roaring start to the year for our ‘fantastic stocks for 2019’ portfolio, it has been a more testing time in recent months. We’ve faced earnings setbacks, fall-out from other stocks, and the pressures of a weaker global economic outlook. Fortunately we are still streets ahead, having delivered 61% outperformance versus the broader stock market as measured by the FTSE ...

At the halfway point of the year our key selections for 2019 are doing superbly. Our average gain of 18.3% compares with an 11.2% gain for the FTSE All-Share over the same time period. Pleasingly not a single selection is in negative territory and four names are up by more than a quarter on our starting point. More than half the portfolio has enjoyed double-digit gains. WHICH IS THE BEST ...