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Sterling and Ukraine hit ITE
EXHIBITIONS organiser ITE Group yesterday said its third-quarter revenue had fallen about 24 per cent, hurt by the absence of the biennial Moscow International Oil & Gas Exhibition, currency fluctuations and the impact of the Ukrainian crisis.
The company, which organises over 230 exhibitions and conferences each year, said revenue fell to £73m for the quarter to 30 June, from £96m a year earlier. Investors remained upbeat and ITE’s share price rose 11.8 per cent to 230.80p.