Tag: business


ITE Group releases first quarter trading update World

Performance was in line with management expectations for ITE Group in its Q1 trading update as the Ascential Events integration and acquisition of Mining Indaba both near completion. Revenues for the quarter – 1 October 2018 to 31 December 2018 – were approximately £31.5m (down from £40.7m in 2017) The organiser attributed to the drop largely to a smaller biennial quarter and the absence of...

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£1bn London Olympia upgrade approved by UK planners Europe

The £1bn ($1.3bn) plans to turn Olympia London into a multi-purpose cultural hub have been approved by planners. YOO Capital and Deutsche Finance International – which own the historic exhibition centre – submitted plans to Hammersmith & Fulham Council in 2018 to turn the 14-acre site into a destination with hotels, restaurants, performance venues and office space. Heatherwick Studio and SPPARC are leading on the design and implementation...

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Kuala Lumpur Convention Centre delivers RM888 million to Malaysia Asia

The Kuala Lumpur Convention Centre (KLCC) in Malaysia delivered RM888 million of economic impact to Malaysia in 2018, according to the venue. It welcomed 2.18 million visitors throughout the year, an increase of 45% from 2017. It also played host to 1,485 events in the year, 17% more than 2017. The Centre’s General Manager Alan Pryor commented: “We are delighted with our performance last year,...

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Which of the industry’s big players are making mistakes in Asia? Expert Opinion

Björn Kempe, ExposAsia CEO, takes a look at some of 2018’s big acquisitions and wonders – which of the industry’s big players could be making mistakes on the Eastern continent?   I made a mistake recently as a broker and sent the list of available assets to all my clients openly: a good move? Of course, not. Is it bad? I am not sure since everyone knows...

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Haymarket Media Group reports £2.3m loss on falling turnover Europe

London-based exhibition organiser and publisher Haymarket Media Group made a pre-tax loss of £2.3m (US$2.97m) in 2018, compared to a profit of £10.2m the year before. Turnover for the year to the end of June 2018, fell by £3.5m and earnings (EBITDAE) in 2018 were £200,000, down from £3m from the 2017 figure. Haymarket Media Group chief exec Kevin Costello claimed the results underlined momentum...

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GL Events graduates to €1 billion club and targets acquisitions World

Global integrated event industry group GL Events has announced 2018 consolidated revenues topping €1bn. Exhibition division revenues, however, dipped by over 5%. The €1.041bn total figure, nevertheless, represented a rise of 9% like-for-like and completion of the group’s ZZX acquisition in China. The company reported an adverse exchange rate effect of €34m offset by contributions from new acquisitions. International markets accounted for 50% of annual...

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Dealmakers – the lowdown on exhibition acquisitions Features

Steve Monnington, Managing Director of Mayfield Media Strategies, surveys the landscape of mergers and acquisitions across the exhibition industry.   Main text: Private Equity firm Blackstone, which acquired both Clarion and Global Sources (Hong Kong), has announced an agreement to acquire the NEC Group for an amount thought to be around £800m (US$1.029bn). This represents a massive gain for the current owners LDC who bought the business...

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RainFocus secures $40m investment for event marketing platform Americas

Event marketing platform RainFocus has announced a US$40m strategic growth investment from JMI Equity, a growth equity firm focused on investing in software companies. The funding will be used to for expansion and accelerating the company’s product development efforts, says the RainFocus CEO JR Sherman (pictured), former President at Lanyon and Active Network. “The culture and team at JMI are uniquely suited and equipped to...

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The inside scoop on the year’s biggest acquisition Features

Peter Hall, EMEA President at Informa, speaks to Paul Colston and sheds some light on one of the biggest deals of the year – the acquisition of UBM by Informa.   You were planning for the combination with UBM, presumably, for a while. Tell us a bit about that early process and how the preparatory work measured up to the reality once you were able...

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Can sustainability look good AND be good for business? Expert Opinion

By Sam Rowe, CEO of Ignition   The battle to get large company clients interested in sustainability is basically over. They’re talking about it at the very least, or else they’re forming and exercising environmental and social impact policies. Sustainability is on the strategic agenda to stay. But other debates remain, including how to convince clients that sustainable can also be beautiful and, at the...

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