Out­look dark­ens for events group In­forma

The Daily Telegraph - Business - - Business -

The world’s largest events group, In­forma, has slashed rev­enue fore­casts and is cut­ting jobs and of­fices as it bat­tles the ef­fects of the pan­demic. The FTSE 100 busi­ness swung to a £740m half-year op­er­at­ing loss, com­pared to a £248.3m profit dur­ing the same pe­riod last year. It ex­pects an­nual rev­enue of £1.7bn, down from the £2bn fore­cast in June, and the £2.9bn it made last year.

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