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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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