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Tarsus sells French division to Magellan VI

Mon, 13th Jul 2015 16:04

(ShareCast News) - Media company Tarsus Group has reached an agreement to sell its French business to Magellan VI SAS for €9.2m (£6.6m).The London-listed company said the sale of Tarsus France Holdings was in line with the group's strategy focused on accelerating financial returns to shareholders and targeting of faster growing economies.Tarsus said it will receive £5.2m upon completion of the deal with a further £1.6m to be received by 31 December 2016.Tarsus's French division, which owns a broad portfolio of exhibitions and conferences in France covering sectors including education, marketing, IT and the events and meetings industry, generated a profit before tax for the year ended 31 December 2014 of €0.9m and had gross assets of €24.7m."Our strategy has seen us increasingly focus on economies we believe offer the best opportunity for growth," said group managing director Douglas Emslie."The disposal of our French business will allow us to recycle capital and continue to invest in these higher growth economies."Tarsus shares were up 1.24% to 204.50p at 15:35 on Monday.
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12 Mar 2014 16:46

DIRECTOR DEALINGS: Tarsus Managing Director Gets Shares

LONDON (Alliance News) - Tarsus Group PLC Wednesday said a SIPP managed on behalf of Group Managing Director Douglas Emslie bought 3,849 shares at a price of 206 pence per share. Following this transaction, Emslie now holds 910,152 shares. The stock closed at 203.00 pence Wednesday, d

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4 Mar 2014 14:35

Tarsus Group profits rose in a year marked by international expansion

AExhibition and conferences group Tarsus saw revenues rise by 23 per cent last year, driven by its expansion into several emerging markets, such as Indonesia and Mexico. The firm also carried out three strategic acquisitions, namely SIUF in China, Komatek in Turkey and Cardio in the US. Sales ros

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4 Mar 2014 10:33

Tarsus Raises Dividend On 2013 Pretax Profit Growth

LONDON (Alliance News) - Tarsus Group PLC Tuesday raised its total dividend as increased revenue boosted pretax profit in 2013. The events and business-media group expressed confidence of a good performance in 2014. Tarsus declared a total dividend of 7.3 pence for 2013, up from 6.8 pence

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4 Mar 2014 10:11

STOCKS NEWS EUROPE-UK small caps advance, John Menzies underperforms

The FTSE Small Cap index and junior-listed AIM shares rise 0.5 percent and 0.3 percent respectively, lagging the mid-caps and the blue chips, which are both up by more than 1 percent. John Menzies drops 3 percent after the company, whose interests are split between a publication distributio

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10 Feb 2014 11:19

UPDATE: Tarsus Group Completes Placing As It Buys US, Turkish Events Companies

LONDON (Alliance News) - Media company Tarsus Group PLC Monday said it has bought the whole of HealthScienceMedia Inc. in the US and 60% of SADA Uzmanlik Fuarlari A.S. in Turkey, giving it control of the largest cardiometabolic event in the US and Turkey's largest construction equipment trade exh

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10 Feb 2014 09:55

Tarsus Group Launches Placing As It Buys US, Turkish Events Companies

LONDON (Alliance News) - Media company Tarsus Group PLC Monday said it has bought the whole of HealthScienceMedia Inc. in the US and 60% of SADA Uzmanlik Fuarlari A.S. in Turkey, giving it control of the largest cardiometabolic event in the US and Turkey's largest construction equipment trade exh

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16 Jan 2014 06:19

UK Dividends Calendar - Week Ahead

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15 Jan 2014 06:26

UK Dividends Calendar - Week Ahead

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14 Jan 2014 16:02

UK Dividends Calendar - Week Ahead

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8 Jan 2014 15:54

Tarsus expected to deliver flat earnings after FX headwinds

Events business Tarsus is likely to have flat earnings growth after unfavourable currency movements and slower medical sector growth offset a generally strong second half. Group like-for-like organic revenue rose 11% at constant exchange rates, meaning full-year pre-tax profits and net debt for the

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16 Dec 2013 08:16

Monday broker round-up UPDATE

Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca

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26 Nov 2013 11:02

Tarsus Agrees To Joint Venture With EJK

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26 Nov 2013 10:50

Tarsus Group buys stake in E.J. Krause & Associates

Business-to-business media company Tarsus Group is establishing a joint venture with E.J. Krause & Associates (EJK) through the acquisition of a 50 per cent stake in the company which owns two major exhibitions in Mexico. The joint venture owns two events in Mexico. The first is Plastimagen, an exh

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26 Nov 2013 08:18

Tuesday broker round-up UPDATE

BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener

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4 Nov 2013 10:43

Tarsus Group Confident For Full-Year Results On Strong Bookings

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