MARKET TALK: Informa 1H Solid - Investec

27th Jul 2010 12:30

1130 GMT [Dow Jones] Informa's (INF.LN) 1H results are solid, says Investec Securities. It notes revenues and underlying growth are in-line, with strong margin performance in the Events and Training business helping Ebita to come in ahead of expectations. "The outlook statement remains cautious," although the comment that trading is set to be 'in-line' for the year "feels overly cautious to us; we expect to increase our FY'10 EPS estimate by at least 4%, to around 35p." Keeps the stock at buy with 457p target. Shares +2.1% at 396p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 27, 2010 07:30 ET (11:30 GMT)