News this week: Media group, Reed Elsevier, reported its
interim results for the first nine months ended 30th September 2014.
The group’s exhibitions organising arm, Reed
Exhibitions, reported underlying revenue growth of 8%
year-on-year, or 7% excluding biennial cycling.
Management highlighted the company’s shows in the U.S. and Japan remained
strong. In China, strong growth continued in certain industry sectors with more
modest growth recorded elsewhere. Reed Exhibitions’ overall revenue growth
trends are expected to continue for the full year. Management expects the
positive impact of biennial cycling to contribute around 2% to underlying
revenue growth in 2014.
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