Informa to buy Clarion for £2.24bn; Clarkson eyes profit above view
Informa said it will acquire B2B events firm Clarion for £2.24 billion ($2.96 billion) and separate its academic publishing arm, Taylor & Francis, from the group. Clarkson forecast annual underlying pretax profit above market view, boosted by elevated freight rates.
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6%. 96 billion) and separate its academic publishing arm, Taylor & Francis, from the group, the company said on Tuesday. CLARKSON: Clarkson, the world’s largest shipping services provider, on Tuesday forecast annual underlying pretax profit above market view, boosted by elevated freight rates amid geopolitical complexity. ASTRAZENECA: AstraZeneca said it would spend more than $1 billion in Massachusetts as part of its broader $50 billion US investment plan.
HEALTH: AI-based medical devices will need constant monitoring even after they're approved for use, rather than a single pre-approval safety check, the head of the UK's medicines regulator said. OIL: Oil prices made slight gains as security concerns in the Middle East kept a geopolitical risk premium in the market. GOLD: Gold eased, pressured by a firmer US dollar and rising Treasury yields, though losses were limited by easing expectations of a Federal Reserve interest rate hike this month.
COPPER: Copper prices were marginally up, as a boost from a tech-driven US stock market rally and receding market bets on a Federal Reserve rate hike this month were largely offset by a stronger dollar. com)