11th Jan 2017 13:32
(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target
Read more13th Dec 2016 07:13
(ShareCast News) - UBM has agreed to buy privately-owned Asian exhibitions company Allworld Exhibitions for a cash consideration that values the business at $485m in a deal that is expected to be immediately enhancing to earnings in 2017. In the 12 months to the end of June, Allworld - which operate
Read more22nd Nov 2016 10:12
(ShareCast News) - Credit Suisse updated its ratings and initiated on stocks in the European media sector. The Swiss bank upgraded RELX from 'neutral' to 'outperform' and bumped up the price target to 1,600p from 1,370p. It said the company's high-quality assets with market-leading positions have le
Read more11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read more10th Nov 2016 08:41
(ShareCast News) - Business-to-business event organiser UBM said that it had continued to perform in line with management expectations during the year, as it anticipates an "incremental" benefit from foreign exchange rates. The FTSE 250 company said that the trading outlook for the full year is unch
Read more8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read more29th Jul 2016 09:28
(ShareCast News) - UBM reiterated its trading outlook for the full year on Friday as it posted a rise in first-half pre-tax profit and said it stands to benefit from the stronger dollar. For the six months ended 30 June, pre-tax profit rose to £51.8m from £35.1m in the first half of last year as rev
Read more21st Jun 2016 15:05
(ShareCast News) - Confidential concessions offered by Gorkana owner GTCR Canyon Holdings could pave the way for the clearance of its acquisition of PR NewsWire from UBM, according to a short update from the Competition and Markets Authority on Tuesday. The regulator announced the launch of its merg
Read more17th Jun 2016 07:51
(ShareCast News) - Trade publication and events company UBM confirmed on Friday that it has completed the sale of its PR Newswire division to Cision - a business controlled by GTCR Canyon Holdings. The FTSE 250 firm said the total net cash proceeds of the transaction are £490m, after adjustments for
Read more13th Jun 2016 07:21
(ShareCast News) - Specialist trade publisher and events company UBM reached milestone in its sale of PR Newswire on Monday, with confirmation that the US Department of Justice has filed its proposed settlement under the Hart-Scott-Rodino Antitrust Improvements Act. The FTSE 250 firm initially annou
Read more1st Jun 2016 07:41
(ShareCast News) - UBM has acquired Content Marketing Institute (CMI) for $17.6m with an additional earn-out subject to meeting profit targets over the next two years. CMI produces Content Marketing World, which is an annual event in the content marketing sector that runs every September in the Clev
Read more18th May 2016 09:51
(ShareCast News) - UBM said it was on track to hit full year targets despite some weakness in smaller shows. The events organiser, which hopes to conclude the sale of its PR Newswire and Agility businesses in coming weeks, said performance since the start of the year had been in line with management
Read more22nd Apr 2016 07:36
(ShareCast News) - UBM has acquired Business Journals Inc (BJI), a producer of fashion trade shows in New York and Las Vegas, for $69m in cash, which is expected to be repaid by the end of next year. As part of UBM's focus on events since it agreed to sell its PR Newswire arm in December, it sai
Read more22nd Apr 2016 07:22
(ShareCast News) - Stocks are expected to start the session lower amid a sharp drop in the value of the yen and another move higher in crude oil futures. The Footsie is being called to start the session down by about 32 points from Friday's closing level of 6,381.44. Keeping a lid on sentiment amon
Read more3rd Mar 2016 11:14
(ShareCast News) - The US Justice Department has asked UBM for additional information and documentary material relating to certain PR Newswire (PRN) products in relation to its sale of PRN to software company Cision. UBM said it and Cision will cooperate fully with the DoJ in responding to the reque
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