• Chief Executive's Statement • Summary Group Income Statement • Summary of Interim Financial Results for 2006 • Divisional Commentary     • Other Financial Information       Introduction David Levin, Chief Executive of United Business Media plc said:           “On 19 July we completed the acquisition of Commonwealth Business Media, Inc. for $152m. The acquisition provides us with a leading position in a new market, the global trade and transportation business intelligence market. At our Preliminary results in February we indicated our intention to increase acquisition expenditure from the £105m achieved last year to between £150m and £250m for the current year. Including Commonwealth, in the year to date we have invested a total of £135m in eight small and medium-sized acquisitions, all of which provide opportunities to build our business while meeting our strict financial acquisition criteria.”   “In February we also indicated our intention to move towards a prudent, leveraged balance sheet over the course of the next two years, and to return more than £300m of capital over that period. Since February we have returned £142.2m through convertible and ordinary share buybacks.” “The outlook for the full year is unchanged. After taking into account the first half weighting of CMPMedica and the MediaLive events, we anticipate that the second half will be broadly in line with the trading patterns reported for the first half of the year. We continue to invest in new product development and plan to spend an additional £5m to £8m in the second half, particularly in events and online activities.”                 * Before amortisation of intangible assets, non-recurring items and share of taxation on profit from joint ventures and associates     ** Before amortisation of intangible assets, non-recurring items, share of taxation on profit from joint ventures and associates, net financing cost - other than interest, and including profits from discontinued operations. EPS also excludes deferred tax on the amortisation of intangible assets                 • Introduction • Summary Group Income Statement • Summary of Interim Financial Results for 2006 • Divisional Commentary     • Other Financial Information