Revenue increased by 1% to £197.7m
Underlying revenue excluding event timing differences also increased by 1%
Adjusted profit before tax unchanged at £53.4m
Adjusted operating margin reflects higher property and investment costs and impact of Dealogic transaction
Net debt reduced by £27m to £10.6m
Interim dividend maintained at 7p a share
Continued progress rolling out Delphi content platform and good pipeline of new products
Commenting on the first half results, chairman Richard Ensor said:
"The first half performance reflects the continuing challenges facing the group's markets, with improving subscription revenues from our asset management products being offset by the continued pressures on the investment banking sector.
"The second half has started as expected and the trading conditions described in these results are expected to continue during the second half. Our businesses are well placed in their respective markets and we will maintain our strategy of investing in new products, particularly using the Delphi content platform, to accelerate organic growth, and of exploring acquisition opportunities facilitated by our strong balance sheet."
