Euromoney Institutional Investor PLC issues earning guidance for the year ending September 30, 2017. For the period the company expects overall trading to continue in line with the board's expectations for the financial year. Reported revenues for the fourth quarter are expected to show a 3% increase, largely as a result of the acquisition in April of RISI. Underlying revenues for the quarter, which exclude the impact of currency movements and acquisitions and disposals, are expected to have declined by 2% from the same period last year. Underlying subscription revenues for the fourth quarter are expected to be flat year-on-year, as the increasing headwinds from the impact of MiFID II on the asset management businesses have offset the strong performance from the pricing, data and market intelligence segment. Reported total revenues for the year to September 30, 2017 are expected to show a 6% increase on last year, and an underlying decrease of 1%. The group expects to announce an adjusted profit before tax of no less than £105 million for the year to September 30, 2017 as compared to £102.5 million a year ago.