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.
