Euromoney’s FY15 results were in line with expectations that reflected the difficult trading in the investment banking and commodity segments. New CEO, Andrew Rashbass, took the helm on 1 October and is carrying out a strategic review, the results of which will be shared in early 2016. Cash generation remains very strong and his options are broadened by ERM’s financial strength – net cash was £18m at the year-end. It has invested heavily in new ways of adding value to the delivery of its market expertise that will stand it in good stead when its clients’ trading conditions improve.
