Feb 28 (Reuters) - British event organiser Informa Plc and its takeover target UBM Plc reported a rise in adjusted full-year earnings on Wednesday, helped by strength in their events businesses.
Informa, which signed an agreement in January to buy UBM, set a target to improve underlying revenue growth to more than 3.5 percent in 2018.
Informa also forecast synergies from its purchase of U.S.-based information services company Penton to rise to $22.5 million in 2018.
It reported a 31.3 percent in adjusted operating profit to 545.5 million pounds ($758.5 million) for the year ended Dec. 31.
UBM’s adjusted operating profit grew 25.3 percent to 294.2 million pounds.
$1 = 0.7192 pounds Reporting by Esha Vaish in Bengaluru; Editing by Amrutha Gayathri