Trading Performance: The Group continues to trade on plan, with many of the trends witnessed in the first six months continuing into the third quarter. In the nine months to September, the Group delivered organic revenue growth of 1.8%.
Global Events: Organic growth of 7.9% over the first nine-months reflects another strong performance from the Global Exhibitions business. Our strategy of building scale in key markets and diversifying our exposure to specific verticals and geographies continues to pay dividends. The quarter also benefited from the inclusion of the Brazilian biennial exhibition held in July, ForMόbile, and the movement of Dubai-based Cityscape Global from Q4 in 2013 to Q3 this year.
Academic Publishing: Trading within our Academic business continues to be robust. Organic growth for the nine-month period was 3.9%, similar to the first-half. We continue to expect to reach our targets for the year, notwithstanding the tough comparable in the final quarter after the strong end to 2013.
Business Intelligence: We are accelerating the changes needed to management, structure and operating focus within this Division. Margins continue to be strong, although revenue has remained under pressure through the period. Over the first nine-months of the year, the organic revenue decline was 7.1%.
The three independently run units that previously comprised Business Intelligence are being consolidated into a single operating structure in November.