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BUZZ-ITE Group Plc: Down on impact of Russia sanctions, airplane crash

Fri, 18th Jul 2014 15:10

July 18 - ** Shares in ITE Group Plc, anexhibitions organiser, slump as much as 6.7 percent among thetop losers the FTSE 250.

** ITE, which organises exhibitions and conferences, gets 60percent of its revenue from Russia, and less than 5 percent fromUkraine.

** "The EU and US are looking at sanctions and puttingpressure on Russia. It is affecting the Russian economy. Thisaccident, for want of a better word, in the Ukraine willincrease that pressure," N+1 SINGER analyst Johnathan Barretttold Reuters.

** The company was not immediately available for comment

** ITE said in an earnings statement on Tuesday that thepolitical crisis in the region had hurt its Ukrainian business. (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)

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1 Apr 2015 07:59

ITE Group Says First Half In Line As Russia, Ukraine Drag Down Revenue

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1 Apr 2015 06:27

ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia

April 1 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it expected its first-half revenue to be about 21 percent lower than a year earlier due to weaker trading conditions in Ukraine and Russia. The company, which has been hurt by tensions between Russia and Uk

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6 Mar 2015 14:33

ITE Group acquires portfolio of events in Africa

Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla

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6 Mar 2015 13:33

UPDATE 2-ITE Group dials in to Africa events market

* Deal to add 4 mln stg to 2016 pretax profit - CEO * Says ITE to look at small deals in Africa, India and China * Shares up 5.4 pct (Adds CEO comments, updates share movement) By Noor Zainab Hussain March 6 (Reuters) - Trade exhibition organiser ITE Group Plc bought a

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6 Mar 2015 07:52

ITE Group moves into Africa; buys stake in Africa Oil Week conference

March 6 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it had acquired a majority stake in a portfolio of events from GPP Energy Advisors Ltd for 16 million pounds ($24 million). The deal will be funded in part via an institutional placing to raise 12 million p

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ITE To Buy Stake In Events Portfolio, Part Funded By Share Placing (ALLISS)

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