16 October 2012
Informa, the financial and information publisher which owns Lloyd’s List, today admitted like-for-like sales have fallen 2% in the first nine months of the year.
The professional and commercial information division was the worst performer, slumping 4.7%, as new sales were “difficult to secure” in the pharmaceutical sector.
Chief executive Peter Rigby insisted the group is on track to meet full-year profits, saying: “The quality of our content and brands puts us in a strong position even in what remains a lacklustre macro environment.”
He added that Informa continues to prune under-performing businesses.
