business

UK chancellor announces £330bn of loans to support business

UK chancellor Rishi Sunak has announced up to £330bn worth of loans will be made available to businesses, to assist during the coronavirus crisis.

Hong Kong government offers HK$1bn coronavirus subsidy

The Hong Kong government is offering a subsidy of just over HK$1bn (USD$130m) to subsidise exhibition and convention organisers and delegates in the region.

UK organiser merges to form SAE Media Group

SAE International has confirmed the acquisition of SMi Group Ltd, a UK-based event organiser specialising in the production of global events for the aerospace, defence and medical and pharmaceutical sectors.

Hyve Group promoted to the FTSE 250

Hyve Group plc has been inducted into the FTSE 250, an index which measures the largest companies on the London Stock Exchange.

Event tech company Feathr raises $11m in funding

Feathr, a provider of marketing technology for associations and event organisers, has raised more than $11m in a new round of funding.

UK Government agrees rescue plan for FlyBe

The UK Government has agreed a rescue plan for regional airline FlyBe, which is facing serious financial troubles.

Informa announces new Founders Forum in trading update

International exhibitions, events and information services group, Informa has revealed underlying revenue growth of 2.8% for the 10 months to 31 October 2019, “despite an unpredictable economic/geo-political backdrop,” said Group Chief Executive Stephen Carter, 11 November.

GL events posts revenue growth of over 10%

Integrated event industry group GL events has reported revenue growth for Q3 of 13% and 10.4% for the first nine months of this year.

Melbourne reports record-breaking financial results

The Melbourne Convention Bureau has achieved record financial results, with business events drawing in AUD$507m for the 2018/19 year.

How UK suppliers are preparing for a no deal Brexit

Europa Showfreight has spent £2m and significant time preparing for a no deal Brexit, and walks us through the process

Global hotel rates predicted to rise in Hotel Monitor 2020 report

American Express Global Business Travel (Amex GBT) has published its Hotel Monitor 2020 report, predicting ‘modest’ rises in hotel prices next year.

Informa announces 47% revenue growth in Q3 trading update

International exhibitions, events, information services and publishing group Informa has released financial results for the six months to 30 June 2019 highlighting continued growth and completion of its 12-month Accelerated Integration Plan (AIP), including the integration of the UBM business.

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