Like-for-like revenues eased a little in the April to June quarter from a year earlier at ITE Group, but the exhibitions and conferences organiser said that was in line with expectations.
On a like-for-like basis revenues for the group's fiscal third quarter were some 3% lower than the previous year. ITE said the decline was mostly down to the performance of the group's Mosbuild event in its biennially weaker year. Mosbuild, an event for the construction industry, also faced competition this year from a newly launched rival exhibition. The remainder of ITE's portfolio, excluding Mosbuild, delivered like-for-like revenue growth of around 6% for the quarter.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
