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United Kingdom

ITE Group PLC (ITE.L)

ITE.L on London Stock Exchange

58.90GBp
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

ITE Group Acquires Mining Indaba From Euromoney For 30.1 Mln STG
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - ITE Group PLC ::ITE GROUP PLC - ACQUISITION.ITE GROUP PLC - ACQUISITION OF MINING INDABA FROM EUROMONEY FOR £30.1M.ITE GROUP - GROUP EXPECTS TO REALISE OPERATIONAL SYNERGIES, TO STRENGTHEN PRESENCE IN NATURAL RESOURCES END-MARKET GIVEN EXISTING OWNERSHIP OF AOW.ITE GROUP PLC - TRANSACTION IS EXPECTED TO BE EARNINGS ENHANCING IN ITS FIRST FULL YEAR OF OWNERSHIP.ITE GROUP PLC - TRANSACTION EXPECTED TO DELIVER ROIC GREATER THAN WACC WITHIN 3 YEARS.  Full Article

Euromoney Institutional Investor To Sell Mining Indaba Assets For 30.1 Mln Stg
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Euromoney Institutional Investor PLC ::SALE OF MINING INDABA.PROPOSED DEAL FOR £30.1 MILLION.BINDING AGREEMENT TO SELL ASSETS OF ITS MINING INDABA BUSINESS TO ITE GROUP PLC.  Full Article

ITE Group Expects Impact From Currency Movements In Ruble, Real, Lira Next FY
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - ITE Group PLC ::ITE GROUP PLC - REVENUES FOR FY 2018 ARE EXPECTED TO BE CIRCA £175M (2017: £153M).ITE GROUP PLC - ON A LIKE-FOR-LIKE BASIS, FY REVENUES WILL BE CIRCA 10% AHEAD OF PRIOR YEAR.ITE GROUP PLC - AS AT 30 SEPT 2018, EXCLUDING 56 NON-CORE RUSSIAN EVENTS, GROUP HAD BOOKED CIRCA £113M OF REVENUE FOR FY 2019 (30 SEPT 2017: £83M).ITE GROUP PLC - GROUP IS NOT EXPERIENCING ANY NOTICEABLE EFFECTS ON TRADING IN RUSSIA DUE TO FURTHER SANCTIONS.ITE GROUP PLC - EXPECTING TO BENEFIT FROM ITS DECISION TO MOVE MOSBUILD AND WORLD FOOD MOSCOW TO CROCUS CENTRE.ITE GROUP - RECENT ADVERSE CURRENCY MOVEMENTS IN RUSSIAN RUBLE, BRAZILIAN REAL, TURKISH LIRA LIKELY TO HAVE AN IMPACT GOING INTO NEXT FINANCIAL YEAR.  Full Article

ITE Says Investec Bank, Numis Securities Procured Subscribers For All Of 8.3 Mln New Shares
Wednesday, 11 Jul 2018 

July 11 (Reuters) - ITE Group PLC ::ITE SAYS INVESTEC BANK AND NUMIS SECURITIES PROCURED SUBSCRIBERS FOR ALL OF 8.3 MILLION NEW SHARES OF 1 PENCE EACH AT 85 PENCE/SHARE.  Full Article

ITE Group Got Valid Acceptances For 98.24 Pct Of New Shares Offered
Wednesday, 11 Jul 2018 

July 11 (Reuters) - ITE Group PLC ::ITE GROUP - 7 FOR 4 RIGHTS ISSUE AT 56.2 PENCE PER NEW ORDINARY SHARE ANNOUNCED ON 6 JUNE CLOSED FOR ACCEPTANCES AT 11.00 A.M. ON 10 JULY 2018.ITE - GOT VALID ACCEPTANCES IN RESPECT OF 463.7 MILLION NEW ORDINARY SHARES, REPRESENTING APPROXIMATELY 98.24 PERCENT OF TOTAL NUMBER OF NEW ORDINARY SHARES OFFERED.  Full Article

ITE Group Says Trading In Line With Expectations For Qtr Through June
Tuesday, 10 Jul 2018 

July 10 (Reuters) - ITE Group Plc ::GROUP'S PERFORMANCE IN QUARTER TRADING PERIOD FROM 1 APRIL 2018 TO 30 JUNE 2018 PERIOD WAS IN LINE WITH MANAGEMENT EXPECTATIONS.REVENUES ON A LIKE-FOR-LIKE BASIS IN QUARTER TRADING PERIOD FROM 1 APRIL 2018 TO 30 JUNE 2018 WERE 13 PCT AHEAD OF COMPARATIVE QUARTER.AS AT 6 JULY 2018, GROUP HAD BOOKED CIRCA £153 MLN OF REVENUE FOR 2018 FINANCIAL YEAR (30 JUNE 2017: £145 MLN).  Full Article

Ascential To Sell Ascential Exhibitions
Tuesday, 15 May 2018 

May 15 (Reuters) - Ascential Plc ::PROPOSED SALE OF ASCENTIAL EXHIBITIONS.PROPOSED SALE OF ASCENTIAL EXHIBITIONS TO ITE GROUP PLC FOR £300 MILLION.ENTERED CONDITIONAL AGREEMENT TO SELL EXHIBITIONS BUSINESS TO ITE GROUP PLC.DEAL IS EXPECTED TO COMPLETE IN JULY 2018.  Full Article

ITE Says HY Headline Profit Before Tax £16.0 mln
Tuesday, 15 May 2018 

May 15 (Reuters) - ITE Group PLC ::INTERIM DIVIDEND 1.5 PENCEPER SHARE.HY HEADLINE PROFIT BEFORE TAX £16.0M VERSUS £15.4M.  Full Article

ITE Sells Tradelink ITE In Malaysia To UBM Unit
Tuesday, 24 Apr 2018 

April 24 (Reuters) - ITE Group PLC ::ITE GROUP PLC - DISPOSAL.ITE - HAS SOLD TRADELINK ITE SDN. BHD., OWNER OF METALTECH, METALWORKING EXHIBITION IN MALAYSIA, TO UBMMG HOLDINGS SDN. BHD., A SUBSIDIARY OF UBM PLC.ITE GROUP PLC - DEAL FOR A TOTAL CASH CONSIDERATION OF MYR 23 MILLION.  Full Article

ITE Group Says ‍Revenue For Three Months To Dec 31 Was 40.7 Mln Pounds
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - ITE Group Plc ::‍REVENUE FOR THREE MONTH PERIOD TO 31 DECEMBER 2017 WAS £40.7 MILLION​.‍REVENUE FOR THREE MONTHS TO 31 DECEMBER 2016 WAS £35.0M​.‍AS AT JAN 19 2018, BOOKED ABT £113M OF REVENUE FOR FY 2018 VERSUS £99 MILLION AT JAN 20 2017, REPRESENTING ABUT 70% OF MARKET EXPECTATIONS FOR FY.  Full Article

Deals of the day-Mergers and acquisitions

Oct 3 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: