UK publishers scrap merger talks

See Informa's shares See UBM's shares

United Business Media has ended merger talks with UK media firm Informa after it failed to agree terms for a deal.

Earlier this month, Informa, the owner of shipping publication Lloyd's List, said it was mulling an offer from UBM, whose titles include Property Week.

A tie-up between the two would have created a publishing empire with a value of £3bn.

After UBM said talks had ended, Informa said it had received a fresh takeover approach from another suitor.

Informa said the approach, from an unnamed third party, "may or may not lead to a takeover offer in cash being made for the company".