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Evening Standard

Business

Joanna Hodgson

FORGOTTEN HISTORY: Cannes lions owner ascential to split its portfolio | History Defined

Cannes Lions United States London

Ascential is the firm behind the Cannes Lions festival
(Picture: Ascential)

Ascential has revealed plans to break up its business, in a move that will see its event arm behind the Cannes Lions advertising festival remain London-listed but other divisions being sold or moving.

The events and data firm gave the strategic review update alongside reporting a 49% sales jump to £520 million in 2022 and adjusted underlying profits of £118 million, ahead of the top end of analyst expectations.

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