StockMarketWire.com - Euromoney said full-year results were expected to be slightly above its expectations, driven by growth in its pricing, data and market intelligence segment.

Pre-tax adjusted profit was expected to be approximately £104m, up approximately 9% on an underlying basis, and revenue was expected to be approximately flat at £401m compared with a year earlier.

The pricing, data and market intelligence segment continued to deliver good growth, with underlying revenue up about 4% and 10% growth in fastmarkets subscriptions.

But the asset management segment continued to face challenges, with the company saying a strategic review of the segment was progressing well.

Asset management revenue declined by about 4% on an underlying basis. The banking and finance segment, the company's smallest segment which accounted for 15% of the group's revenues, was down around 1%.

'The company is expected to propose a final dividend in line with last year's final dividend of 22.3p, which would result in a full year dividend of 33.1p per share, up by 2% year on year,' Euromoney said.

At 8:01am: [LON:ERM] Euromoney Institutional Investor PLC share price was +31p at 1389p

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