26 Sep 2018 15:58
UK Earnings, Trading Statements Calendar - Next 7 Days
Thursday 27 September PetropavlovskHalf Year ResultsHalmaTrading HoldingsHalf 28
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Don't have an account? Click here to register.ITE in for Indaba as growth initiatives pay off
Wed, 03rd Oct 2018 08:37
(Sharecast News) - Events organiser ITE has agreed to acquire the world's largest mining conference and said revenues will be up for the full year as transformation and growth initiatives begin to pay off.The London-listed outfit projected that revenues have moved ahead roughly 14% in the year ended 30 September, thanks to a combined growth in revenue of 13% across its top-ten events. On a like-for-like basis, revenues were up 10% year-on-year.Following ITE's investments throughout the year, including its acquisition of Ascential Events, net debt widened 66% throughout the year to approximately £83m. ITE noted this figure was in line with its expectations.In its Wednesday morning pre-close trading update, ITE said: "The year has been one of considerable activity and progress. The company has taken a number of important steps towards realising its vision for the business. The board is confident in the group's future growth prospects."By the end of September around £113m of revenue had been booked for the new financial year, compared to the £83m in place at this time last year. On a like-for-like basis, these revenues are 14% ahead of this time last year and on a volume basis are 3% ahead.Elsewhere, ITE agreed to acquire the rights to Mining Indaba, a mining sector conference in South Africa, from Euromoney for £30.1m, on a cash-free, debt-free basis. This will add to ITE's current management of the Africa Oil Week conference.An initial cash payment of £20m will be followed by a deferred cash consideration of £10.1m in June 2019. The acquisition will be funded from a combination of ITE's existing cash resources and bank borrowing.Chief executive Mark Shashoua, said: "This acquisition is consistent with our stated strategy of making disciplined and value-enhancing acquisitions of market-leading events and Mining Indaba is also highly complementary to our AOW exhibition.As of 0835 BST, ITE shares had dipped 2.93% to 73p.
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5 Sep 2018 12:21
ITE To Sell Russian Events Unit To Shtab-Expo For GBP8 Million
LONDON (Alliance News) - ITE Group PLC said Wednesday it plans to sell its non-core Russian events unit ITE Expo LLC to Shtab-Expo LLC for GBP8 million.ITE Expo operates 56 smaller, events
Read more25 Jul 2018 16:00
ITE Sells 75% Stake In Malaysian Events Firm To UBM Subsidiary
LONDON (Alliance News) - ITE Group PLC said on Wednesday it has sold a 75% stake in Malaysia-based events business ECMI ITE Asia Sdn Bhd and other Indonesian assets to UBM PLC's subsidiary Sdn
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DIRECTOR DEALINGS: ITE Strategy Director Rakhi Williams Buys Shares
LONDON (Alliance News) - ITE Group PLC said Monday Strategy Director Rakhi Williams purchased 38,042 shares at a price of 73.20 pence each.Williams' holding in the company, if any, was
Read more18 Jun 2018 15:58
UK Shareholder Meetings Calendar - Next 7 Days
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DIRECTOR DEALINGS: ITE Group Chief Executive And Chairman Buy Shares
LONDON (Alliance News) - ITE Group PLC on Friday said its Chief Executive Officer Mark Shashoua and Chairman Richard Last acquired shares in exhibitions and conferences organising firm, both on at
Read more15 May 2018 12:23
ITE Profits Falls On Restructuring Costs As Acquires Ascential Unit (ALLISS)
LONDON (Alliance News) - Business exhibitions firm ITE Group PLC said Tuesday its half-year profit fell amid restructuring costs despite its revenue rising on a reported and like-for-like basis as
Read more15 May 2018 10:33
Ascential Sells Exhibitions Business To ITE For GBP300 Million (ALLISS)
LONDON (Alliance News) - Ascential PLC said Tuesday it will sell its exhibitions business to ITE Group PLC for GBP300 million in cash after a strategic review.ITE will acquire the business
Read more8 May 2018 16:09
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ITE Sells Malaysian Exhibitions Unit For GBP4.2 Million To UBM
LONDON (Alliance News) - ITE Group PLC said Tuesday it sold Malaysian subsidiary and Metaltech-owner TradeLink ITE Sdn Bhd for GBP4.2 million to UBMMG Holdings Sdn Bhd, a subsidiary of UBM firm or
Read more4 Apr 2018 11:30
ITE Confident In Annual Results As Anticipates Interim Revenue Growth
LONDON (Alliance News) - ITE Group PLC on Wednesday said it is confident in its full-year expectations with current trading in line and revenue up in the first half.The
Read more26 Jan 2017 15:44
ITE Group revenue rises slightly as it faces tough trading
(ShareCast News) - ITE Group published a trading update for the period from 1 October to date on Thursday, including its first quarter trading period from 1 October to 31 December. The London-listed firm's investors were meanwhile gathering for its annual general meeting. Trading in the first quart
Read more19 Jan 2017 16:18
29 Nov 2016 08:39