T&F revenues nudge up, as Informa prepares to cut jobs in Covid action plan

T&F revenues nudge up, as Informa prepares to cut jobs in Covid action plan

Taylor & Francis saw revenues nudge up slightly by 1.9% year on year in the six months to 20th June 2020, as parent company Informa announced it was beginning a cost-cutting programme in the US and EMEA, including job losses, because of the pandemic.

The academic publisher had revenues of £256.5m compared to £251.8m the previous year, according to a half-year report from parent company Informa. Statutory operating profit fell 11.4% from £67.6m to £59.9m, while adjusted operating profit increased 2.5% to £95.3m.

The report said Taylor & Francis “continues to perform well”. It noted: “In&nb...

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