StockMarketWire.com - Informa said underlying revenue grew 2.8% for the ten months to 31 October, ahead of the seasonally stronger November and December trading period.

The update came after Informa carried out major restructuring and reinvestment through a growth acceleration plan.

The business was now 'performing consistently, with improving levels of growth in its specialist markets of pharma, retail banking and maritime,' the company said.

As part of the progressive portfolio management programme, Informa also announced the sale of its industry & infrastructure media brands portfolio to Endeavor Business Media.

Annualised contract values continued to grow steadily, and the company remained on track to meet or beat its 3% underlying growth target for the year.

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