18th May 2016 06:43
LONDON (Alliance News) - Events company UBM PLC on Wednesday said trading in 2016 to date has met its expectations, driven by the performance of its larger events.
The FTSE 250 constituent said its outlook for the year is unchanged.
UBM said its performance in 2016 has been driven by larger events, including the Game Developers
Conference, MAGICVegas, Enterprise Connect, MD&M West and Hotelex/FineFoods conferences.
The group added further progress has been on transitioning the first set of events over to its new customer relationship management platform and added the integration of the Business Journals Inc business that it acquired is underway.
Earlier this week, the UK's Competition & Markets Authority, the antitrust regulator, said it is probing UBM's USD841.0 million sale of its PR Newswire business to Cision AB. UBM on Wednesday said PR Newswire has been trading in line with its expectations.
By Sam Unsted; [email protected]; @SamUAtAlliance
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