World’s largest exhibition company postpones £425 million in events due to coronavirus

  • Date: 11-Mar-2020
  • Source: MarketWatch
  • Sector:Economy
  • Country:Middle East
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World’s largest exhibition company postpones £425 million in events due to coronavirus

With so many events set to be rescheduled and the epidemic still spreading, Informa said it will not be providing financial guidance for 2020.. Governments around the world are cracking down on public gatherings in a bid to contain the virus, which has spread across 115 countries , killing more than 4,000 people worldwide.. Major conferences, music festivals and sporting events have already felt the impact of the virus, which has infected more than 116,000 people.. Read: Sporting events are being canceled or will be held without fans amid coronavirus concerns. Stephen Carter, chief executive of Informa, said the group's subscriptions-related businesses, which account for around 35% of revenue, continued to grow consistently.. "At the point we are not providing market guidance for the Informa Group in 2020," the company added..