UBM hit by slowdown in US

Publishing group United Business Media showed it was still feeling the impact of the slowdown in its key US hi-tech market today as it fell into the red for the first half of the year.

UBM hit by slowdown in US

Publishing group United Business Media showed it was still feeling the impact of the slowdown in its key US hi-tech market today as it fell into the red for the first half of the year.

Chief executive Lord Hollick said there had been "no let-up in the difficult market conditions" across the business and revealed the group had wiped a further £55m (€87.2m) from its cost base.

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