Sparks

Ascential’s shares delist today as its brands become a core element of Informa’s new Festivals segment, which will give the market better visibility on progress post acquisition. Festivals will sit alongside Informa Markets (transaction-led B2B events) and Informa Connect (content-led B2B events) in the Events segment. B2B Digital Services is set to combine with NASDAQ-listed TechTarget in Q424 and will then report as New TechTarget. Trading here continues to be subdued, reflecting the broader market’s lack of business confidence. The final piece is Taylor & Francis, the academic publisher, which is being boosted currently by data access arrangements training large language models, which also brings in some recurring revenues. Across Informa as a whole, management confirms that the group is on track to meet full year (upgraded) guided revenues of over £3.5bn, adjusted operating profit of more than £970m and free cash flow of over £740m (excluding TechTarget and Ascential contributions).