- More share buybacks
- $940mn events acquisition
The pandemic wreaked havoc on Informa. However, after multiple lockdowns, a £1.1bn loss, and the suspension of dividends, Informa (INF) is finally back in business – and taking a new approach. Last year, the events and publishing company sold off its Intelligence division for £2.5bn, and is now in the pleasant position of deciding what to do with the windfall.
Shareholders are in line for a few treats. The group has upped its share buyback scheme from £725mn to £1bn, of which £589mn has already been paid. Management is also predicting double digit dividend growth in 2023.