UPDATE 2-Informa pulls 128 events worth $500 mln-plus as coronavirus spreads [Reuters]
INFORMA PLC S/ADR (IFJPY)
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Source: Reuters
UPDATE 2-Informa pulls 128 events worth $500 mln-plus as coronavirus spreads * Delays or postpones 128 events because of virus * Company not providing 2020 outlook * Says COVID-19 will impact events-related business * Full-year profit and revenue beats expectations (Adds detail, background) By Yadarisa Shabong March 10 (Reuters) - Informa, the world’s largest exhibitions group, has delayed or cancelled 128 events worth an estimated 425 million pounds in revenue ($554 million) because of the coronavirus and will hold off from giving financial guidance for 2020. The British group’s measures come as governments and companies restrict travel and urge people to avoid crowds to counter the global spread of a disease that has claimed more than 4,000 lives and infected 114,000 people. “We are facing a 2020 impact from COVID-19 in our events-related businesses and ... swiftly deploy a material postponement programme, shifting our events calendar to later dates in 2020,” said Chief Executive St
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