Informa27 Feb 2008 13:54
Strong full year results from publisher and conference organiser Informa prompted Merrill Lynch to keep its ‘buy’ rating and 575p price target on the company.
Informa, whose titles include the shipping newspaper Lloyd’s List, said this morning that pre-tax profits rose to £202.6m from £178.1m. Merrill noted that Informa’s shares have fallen even thought it has not been hit hard by economic slowdown and that it was likely to remain resilient.