Euromoney Institutional Investor PLC (ERM.L)
23 Mar 2017
* Euromoney acquires risi, a leading price reporting agency, for $125 million
* Says David Pritchard was appointed by board as company's senior independent director on Jan. 25, 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)
* Trading has continued largely in line with board's expectations as set out in preliminary results announcement
The publisher of the Daily Mail said on Thursday it would reduce its holding in Euromoney Institutional Investor Plc to about 49 percent from about 67 percent to improve its investment portfolio and lower its debt.
* Performance in line with board's expectations despite continuing tough trading conditions for some businesses
* Financial markets have been subject to increased volatility and uncertainty following UK's Brexit vote in June