Euromoney Institutional Investor plc

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Euromoney Institutional Investor plc
EEIplc.gif
Founded 1997 on merger
Headquarters London, UK
Key People Chairman Padraic Fallon
Employees 2,160
Products More than 100 finance publications, plus industry events and research.
Website http://www.euromoneyplc.com/

Euromoney Institutional Investor plc (EII) is a large, trans-Atlantic finance-sector publishing company best known for its flagship global-investment magazines Euromoney and Institutional Investor. The company recently posted record revenues for H1 2008 despite turmoil in the capital markets its publications generally cover.

History

Euromoney Insitutional Investor plc was formed in 1997 when Euromoney Publications plc, parent company of London-based global-finance magazine Euromoney, acquired New York City-based Institutional Investor for $142 million.[1] Since then the company has added 21 acquisitions to its portfolio of publishers, including Total Derivatives Ltd (2006), HedgeFund Intelligence Ltd (2003) and World Link Publications Ltd (1999).[2]

EII plc is majority owned by British newspaper-publishing giant Daily Mail and General Trust (DMGT) and posted annual revenue of £305m in 2007, contributing 14 percent to the DMGT group's total annual earnings.[3]

Products and Services

Apart from the company's flagships, EII plc also publishes a variety of global finance publications, including Latin Finance, AsiaMoney, Futures and Options World including FOW TRADEdata and Global Investor. Its business division includes well-known trade publications Metal Bulletin, Hydrocarbon Processing and International Financial Law Review.[4]

Key People

Padraic Fallon[5] has been Chairman of EII and its predecerssor, Euromoney plc, since 1992 after serving six years as the company's managing director and chief executive. He was appointed editor of Euromoney in 1974 and helped transform the magazine into a world leader in global-finance publications, winning the Wincott Special Award for financial journalism in 1981. Fallon also serves as an executive director on the board of DMGT.

Latest news

EII recently turned in stellar reesults for the first half of 2008 despite the parlous state of its industry. Revenues rose seven percent compared to 2007 to £154.8m while pre-tax profit jumped 23 percent to £30.5m, with both figures setting company records.[6] The company credits its subscription-driven model for the rise, noting that advertising revenue has declined from 34 percent of total in 2003 to 18 percent today while subscriptions have risen from 30 percent to 37 percent over the same period.

References

  1. Can 2 Magazine Cultures Find Happiness Together?. New York Times.
  2. Acquisition strategy. Euromoney Institutional Investor plc.
  3. DMGT Annual Report 2007. Daily Mail and General Trust.
  4. Euromoney Institutional Investor plc. BusinessWeek.
  5. Padraic Fallon - Chairman. Euromoney Institutional Investor plc.
  6. Record revenues at biz publisher Euromoney despite credit crunch. Press Gazette.