Half Year Results 

Informa lifts synergy targets

Informa lifts synergy targets

These were the first results from Informa (INF) since the completion of its mega-merger with peer UBM, creating a global media and events behemoth. As the deal closed on 15 June, it's obviously too early to gauge the impact on trading – and scale benefits – from the combination of the two entities, but the message conveyed was broadly positive. Underlying sales – excluding UBM – were still 4.3 per cent to the good, adjusted operating profits rose 3.3 per cent to £294m, or 1.9 per cent underlying – impressive, given the higher rate of depreciation and currency headwinds in play.

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