DB Media & Online #what's appening: INF/Cannes Lions, ITV/World Cup views, Hemnet/new CFO, HBX/update

研报英文原文证据摘录

DB Media & Online #what's appening: INF/Cannes Lions, ITV/World Cup views, Hemnet/new CFO, HBX/update

Deutsche Bank

Research

Europe Industry Date

Spain 22 June 2026

Sweden DB Media & Online

United Kingdom Periodical

#what's appening

Media and Online

INF/Cannes Lions, ITV/World Cup

views, Hemnet/new CFO, HBX/update

Silvia Cuneo

Newsflow, overnight research, valuation comps - if you'd like to discuss any of the

Research Analyst

following in more detail or require models, please get in touch with Gareth, Nizla, +44-20-754-73770

Steve or Annabel. Our contact details are listed in the right-hand margin.

Nizla Naizer

Informa (Buy, last close: 875.0p): Cannes Lions runs this week so expect a few

+44-20-754-12403

headlines about and around this high-profile big brand event for agencies generally

and INF as it now owns/runs the show. We note one interesting article in the trade Gareth Davies

press (Campaign) that highlights fewer entries for awards this year (the headline Research Analyst

suggests -25% but this has not been verified by INF). At face value a reduction in +44-20-754-11560

high margin revenue from award entries would be negative, but we note this is part Steve Liechti

of tougher/stricter entry process criteria after some previous issues with entries Research Analyst

over claims made on advertising effectiveness etc. The new rules have been put in +44-20-7541-1549

place to protect and enhance the quality of work and reputation of the awards, as Annabel Hames

far as we see. In our view, this protects the longer term positioning/reputation of the Research Analyst

awards themselves and growth (including pricing) potential, even if there is a near +44-20-754-11574

term volume hit. New entry rules involves stricter verification and more defined Tarun Mittal