Publisher recovery

EUROMONEY saw revenues increase by 13pc over the three months to July 20, boosted by weakness in the pound.

The media company, in which the owner of the Daily Mail owns a 49.1pc stake, saw yearon- year revenues increase from £104.7m to £118.4m.

Euromoney, which mainly publishes business-to-business magazines, generates around two-thirds of its revenues in US dollars.

But the firm said it is unlikely to continue feeling the benefits from the pound for the rest of its financial year because sterling’s value against the dollar has increased so far this quarter.